Administration Earmarks Up to $12 Billion for Agriculture to Offset Trade War

White House readies plan to extend about $12 billion in emergency aid to farmers caught in Trump's escalating trade war

President Trump on EU Trade Negotiations: Better Late Than Never

European Trade Commissioner Cecilia Malmstrom, who will accompany Juncker, said last week that the EU was preparing a list of US products to hit if the United States imposed the tariffs.

"While I support President Trump's desire to negotiate a level playing field with our trade partners, we need a targeted approach that embraces free and fair trade over tariffs and protectionism", Estes said in a statement.

And on Tuesday, the administration chose to act, pledging $12 billion in aid to farmers impacted by the trade wars.

Perdue added: "Unfortunately, America's hard-working agricultural producers have been treated unfairly by China's illegal trading practices and have taken a disproportionate hit when it comes illegal retaliatory tariffs".

'This obviously is a short-term solution that will give President Trump time to work on a long-term trade policy, ' Perdue said. I've had several White House meetings with President Trump to express my concerns in strong terms.

Yet for all the harsh words, Politico reported there is little to no movement to stop the tariffs or the bailout to farmers whom the tariffs are hurting.

Blood moon likely on Friday as longest lunar eclipse takes place
Eastern Europe: The total eclipse will start in Eastern European hubs like Bucharest and Moscow at 10:30 p.m. local time . As the Moon continues on its orbit, and pulls away from the Umbra, stargazers will notice another partial lunar eclipse.

Nebraska Senator Ben Sasse, a Republican, criticized the bailout, and the administration's underlying trade policy. He echoed others who have raised concerns that tariffs could make it more hard for farmers to obtain loans and could hurt agricultural land values.

"This trade war is cutting the legs out from under farmers and White House's "plan" is to spend $12 billion on gold crutches", Sen.

Sen. Rand Paul (R-Ky.) also tweeted, saying: "Tariffs are taxes that punish American consumers and producers".

The moves have been unsettling to lawmakers with districts dependent upon manufacturers and farmers affected by the retaliatory tariffs.

Agriculture Secretary Sonny Perdue, pictured in April, told reporters Tuesday that new aid programs "are a firm statement that other nations can not bully our agricultural producers to force the United States to cave in".

In the meantime, the president should increase domestic consumption as well as ethanol consumption, which has also been taxed by the Chinese, to help stabilize the market before he "accomplishes what needs to be accomplished", Rastetter said.

Iranian general: Trump's threats are 'psychological warfare'
On Monday, Donald Trump went on Twitter and threatened to nuke Iran. "We've seen a lot of very bellicose words from Mr. Rouhani also dismised the idea that the U.S. could stop Iran from exporting oil , according to Al Jazeera.

The Trump administration has slapped tariffs on US$34 billion in Chinese goods in a dispute over Beijing's high-tech industrial policies.

However, some farm-state Republicans quickly dismissed the plan, declaring that farmers want markets for their crops, not payoffs for lost sales and lower prices. Those affected economies have in turn targeted US agricultural products, including soybeans, dairy, meat, produce and liquor. And he'll do everything he can to protect them, ' Gidley said.

Juncker will suggest two paths, one of which is a deal among major auto exporting nations including the U.S., Europe, Japan and Canada to reduce tariffs on cars.

The move would be the first expansion of U.S. tariffs on Chinese goods since a similar tax was imposed on US$34 billion worth of goods on July 6.

He's threatening to use the national security justification again to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that past year totalled US$335 billion ($494b).

In election-charged Pakistan, Mahathir makes an 'appearance'
Along with his driver who was also killed, three other people, including two policemen, were wounded. Its biggest challenger is the Pakistan Tehreek-e-Insaf, led by former national cricket captain Khan.

Latest News