President Trump on EU Trade Negotiations: Better Late Than Never

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United States agriculture exports have been a prime target of China and other countries that have retaliated against the series of tariffs Trump has imposed in recent months.

The Trump administration is preparing a plan to provide billions of dollars in emergency aid to farmers who have been hurt by tariffs.

The imposition of punishing tariffs on imported goods has been a favored tactic by Trump, but it has prompted US trading partners to retaliate, creating risks for the economy. White House officials hope it will quiet some of the unease from farm groups, but the new plan could revive debates about taxpayer-funded bailouts and the degree to which Trump's trade strategy is leading to unforeseen costs.

The funds will come through direct assistance, a food purchase and distribution program, and a trade promotion program.

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Sorghum is only one out of many farm products hit by tariffs from China and other nations in response to the Trump administration's tariffs.

Trump tweeted on Tuesday morning, saying "t$3 ariffs are the greatest!" and that other nations would have to negotiate better trade deals with the United States or be hit by additional tariffs. Farmers have been a particular target in the current clash over trade policy as other countries seek to retaliate for President Donald Trump's duties on Chinese goods as well as on steel and aluminum imports from the European Union, Canada and Mexico. Trump has threatened to ratchet that up to more than $500 billion, a move that has left financial markets uneasy. "The fact that other countries are bad at economics-and harm their own people with tariffs and other protectionist schemes-does not justify our own economic incompetence". House Speaker Paul Ryan of Wisconsin said lawmakers are making the case to Trump that tariffs are "not the way to go".

Using government power to dig economic holes and then fill them up: isn't that what it means to Make America Great Again? The U.S. and European allies have been at odds over the president's tariffs on steel imports and are meeting as the trade dispute threatens to spread to automobile production.