U.S. to give farmers $12bn trade war bailout

Nebraska senators react to $12B plan to assist farmers affected by tariffs

President Trump says "countries have been ripping us off for decades" on trade; reaction from Jon Lieber, PwC Washington national tax service principal. "If we team up, we can make our planet a better, more secure, and prosperous place". "This will lead to great prosperity in the United States and European Union". The largest economic relationship anywhere in the world. U.S. stocks and bond yields rose on signs of optimism that a U.S. -EU trade war could be avoided.

With Juncker by his side, Trump told reporters: "We agreed today, first of all, to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods".

Coming up: The US is also considering additional tariffs of more than $200bn on Chinese products, as well as duties on foreign cars and vehicle parts, which represent more than $300bn in annual trade.

Trump, who recently called the European Union "a foe" when it comes to trade, floated the notion that the two sides should drop all tariffs, subsidies and other devices that affect the price of goods flowing from one side of the Atlantic to the other.

"This was a very big day for free and fair trade, a very big day indeed".

Trump then moved to the second portion of the agreement, "strengthening of [America's] strategic cooperation with respect to energy". After Beijing retaliated in kind, Washington announced levies on an additional $200 billion worth of products and threatened more, targeting potentially all of China's exports to America - including flags.

Hmmm. Read the joint U.S. -EU statement.

Cort Nielsen takes win, Geraint Thomas in yellow ahead of rest day
He was accused of using racial slurs against Kévin Reza past year and was sent him on a diversity awareness course at the time. Moscon was also disqualified from last year's world championship road race after hanging on to a team auto .

Kremlin ready to talk Trump-Putin summit in D.C. this fall
It has remained unclear, however, what the president is seeking to accomplish from his negotiations with his Russian counterpart. The US president flew in from London to Helsinki and the Russian President, Vladimir Putin , came from Moscow .

Sony Announces 'Amazing Red' Spider-Man PS4 Pro Bundle
The bundled DUALSHOCK 4 wireless controller is also painted red to match the console and comes with white dials and buttons. The bundle will be available starting on September 7, the same day Marvel's Spider-Man arrives.

The third agreement between Trump and Juncker was to "launch a close dialogue on standards in order to ease trade, reduce bureaucratic obstacles, and slash costs dramatically".

Trump continues to fight for a level playing field with America's trading partners, accusing them fo charging higher tariffs resulting in unfair trade.

Sasse went on to say, "The president often talks as if governments are at the center of this transaction".

Trump has already put taxes on imported steel and aluminum, saying they pose a threat to United States national security, an argument that enrages staunch USA allies such as the European Union and Canada.

And Senator Ron Johnson warned that "no one wins a trade war". Trump and Juncker said they have agreed to work toward "zero tariffs" and "zero subsidies" on non-automotive goods. He echoed President Trump and efforts to strengthen energy cooperation and importation of LNG. On Tuesday, the American Soybean Association demanded a "a longer-term strategy to alleviate mounting soybean surpluses and continued low prices, including a plan to remove the harmful tariffs".

Liu Weidong, a U.S. affairs expert from the Institute of American Studies at the Chinese Academy of Social Sciences, said that with just 20 days since the start of the tariffs it was too early to tell if they had been effective.

Checking out a speedboat, a fighter jet and a giant industrial magnet on the White House driveway, President Donald Trump showcased an array of "Made in America" products as his administration pushes back aggressively against critics who say his tariffs threaten the U.S. economy.

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