European Union and U.S. partners not enemies, Juncker tells Trump

European Union and U.S. partners not enemies, Juncker tells Trump

Seated in the Oval Office, European Commission President Jean-Claude Juncker told Mr Trump that the two trading partners were "allies, not enemies" and said they needed to work together to address recent frictions involving Mr Trump's threats to impose tariffs on auto imports and EU plans to retaliate.

Jean-Claude Juncker, the president of the European Commission, said that the EU and the US will "hold off further tariffs and reassess existing tariffs on steel and aluminum".

"We agreed that no other tariffs would be introduced as long as we are in the negotiations", Juncker said during a speech in Washington after his press conference with Trump.

From Alaskan seafood to BMWs produced in South Carolina, President TrumpDonald John Trump2 women win Georgia Dem runoffs, extending streak for female candidates Giuliani on Trump-Cohen audio: "I've dealt with much worse tapes than this" Roseanne to sit down with Hannity in first television interview since ABC canceled show MORE's growing trade war with nations from China to Turkey has spurred a series of alarming news stories from reporters seeking a local angle on a global phenomenon. He added that they would try to "resolve" steel and aluminum tariffs he imposed earlier this year and retaliatory duties the European Union levied in response.

'OK @POTUS - you created this mess with your trade war and now you are going to spend $12 billion to placate the farmers that voted for you, ' California Democratic Rep. Jackie Speier tweeted.

President Donald Trump, right, and European Commission president Jean-Claude Juncker, left, walk from the Oval Office to speak in the Rose Garden of the White House, Wednesday, July 25, 2018, in Washington.

Those tariffs covered about three billion dollars in goods and would pale in comparison with possible 25% tariffs on imports of cars, trucks and auto parts.

"He likes tariffs", said William Reinsch, a former USA trade official under President Bill Clinton now at the Center for Strategic and International Studies.

G20 ministers call for greater dialogue on trade tensions
G20 ministers call for greater dialogue on trade tensions

Economists have said that Trump's tariff fights with Europe and China will lead to trade wars that will raise prices for consumers worldwide.

The EU, China, and Canada have hit billions of U.S. goods with tariffs in response, causing the White House on Tuesday to propose $12 billion in emergency aid to farmers hurt by such retaliatory measures.

And it is not just Europeans opposing these tariffs, but American companies as well. Among the biggest decliners on the S&P 500, shares of General Motors dropped 5% after it reported a drop in quarterly profits due, partly due to higher prices of steel and aluminum.

"I understand what he's trying to do", Ryan said of the president, "and the goal he's trying to achieve is a good one: a better deal for Americans, better trade agreements". A formal proposal would only come after the US Commerce Department completed its investigation into whether auto imports threaten national security.

The imposition of punishing tariffs on imported goods has been a favored tactic by Trump, but it has prompted USA trading partners to retaliate, creating risks for the economy.

Wisconsin Republican Sen. Ron Johnson said the unexpected move to manipulate trade through targeted subsidies 'is becoming more and more like a Soviet-type of economy'. "Are we just going to continue and let our farmers and country get ripped off?"

The No. 2-ranked House Democrat says he is pleased jobs will be created but stressed the financial impacts USA farmers face.

China has struck back with duties on soybeans and pork, affecting mid-western United States farmers in a region of the country that supported the president in his 2016 campaign.

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This is far from Conway's first rodeo when it comes to needling the Trump Administration, even though it is his wife's employer. The Russian foreign ministry responded by liking Trump's tweet and then replying: "We agree".