US, EU to 'immediately resolve' steel, aluminum tariffs: Mnuchin

Trump administration announces $12 billion 'bailout' for farmers

President Donald Trump's meeting with European Commission President Jean-Claude Juncker on Wednesday was expected to be contentious, coming less than two weeks after the former called the EU a "foe" that "clobbered" the USA on trade.

"U.S. and European Union will be allied in the fight against China, which has broken the world trading system", Kudlow said".

Citing the European Union official, the Journal said the US and European Union delegations were still working on language in a joint statement that would address the contentious issue of tariffs on automobiles.

Trump hosted Juncker at the White House this week to discuss trade and tariffs less than two weeks after Trump dubbed the European Union (EU) a US trade "foe" in a "CBS Evening News" interview with anchor Jeff Glor.

But he also cautioned that the United States is watching China's currency movements for any signs Beijing is manipulating the yuan.

Trump also secured an agreement with Europe to buy more liquified natural gas from the United States.

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Whatever progress was achieved Wednesday could provide some relief for USA automakers.

In retaliating for USA tariffs, China targeted products from areas of the country that supported Trump during the 2016 election.

Several companies, including General Motors and Harley Davidson, cited trade policy concerns as they dimmed their 2018 outlooks in financial reports out this week.

I came for a deal, we made a deal.

"I think everybody sort of changed what they were going to say", said Sen. China and other USA trade partners slapped tariffs on incoming shipments of United States soybeans, dairy, meat, produce and liquor. Pat Roberts, R-Kan.

The biggest news from the Trump-Juncker meeting is that it appears to have delayed an impending trade war over autos.

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The greatest part of the lunar eclipse happens at 51 minutes 44 seconds past midnight (IST), it added. A lunar eclipse occurs when the moon passes completely behind Earth and into its shadow.

The damage to U.S. farmers prompted the Trump administration earlier this month to announce $12 billion (€10 billion) in farm subsidies, mostly to soybean growers.

"We shouldn't have a policy that creates economic distress and then implement FDR-style New Deal era programs to remedy problems of our own creation", said Rep. Andy Barr, R-Ky.

Earlier, Mr Trump accused China of "vicious" tactics on trade.

Washington has since threatened tariffs on another $200 billion in Chinese exports, then upped that to $500 billion, prompting Beijing to vow further retaliation. The Trump administration has made LNG exports a priority, arguing that they help the economy and enhance geopolitical stability in countries that purchase US gas.

But in capitals across Europe, a number of national officials echoed that sentiment, heralding the meeting as having prevented a trade war.

Trump was accompanied on his Midwest trip by Ivanka Trump, his daughter and senior adviser, who said the president planned to sign legislation next week to reauthorize a program that provides money for job training and related programs for students.

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He also said the government in Tehran has "heartlessly repressed its own people's human rights, dignity and fundamental freedoms". Most recently, the Trump White House has announced that it seeks to supposedly bring Iran's oil sales down to "zero".

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