Trump says China being 'vicious' by hitting USA farmers with tariffs

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Did Peter Navarro and Trump's other armchair trade-war generals never realize that China would retaliate for Trump's tariffs by targeting USA vulnerabilities?

The move, which includes several types of assistance, could strengthen Trump's political position ahead of his trade negotiations with European Commission President Jean-Claude Juncker on Wednesday.

The plan for providing price supports, which don't need congressional approval, was rolled just two days before Trump is set to travel to Iowa, the top US soybean-producing state. The USDA said in a press release the $12 billion is in line to offset the estimated $11 billion impact of the retaliatory tariffs. Other says, it's not the right action to take. USDA will not stand by while our hard-working agricultural producers bear the brunt of unfriendly tariffs enacted by foreign nations. "Just be a little patient".

Trump has repeatedly threatened to impose further tariffs on European cars being imported into the USA over a perceived imbalance in trade between the two economic blocs.

And he's already imposed tariffs on $34 billion in Chinese imports in a separate dispute over Beijing's high-tech industrial policies.

"This is a short-term solution to allow President Trump time to work on long-term trade deals to benefit agriculture and the entire U.S. economy", said U.S. Secretary Sonny Perdue.

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July: US and China impose tit-for-tat tariffs of $34bn on the other country's products.

Mr Trump has said his tariffs - which he described on Tuesday in a tweet as "the greatest" - are meant to pressure countries to change their policies toward USA exports.

In the unlikely event that Trump agrees, Juncker will suggest that significant makers of cars and auto parts, including Japan and South Korea, negotiate a multi-lateral agreement with the aim of reducing tariffs on those products to zero.

But, Colorado's U.S. Sen.

Trump has placed tariffs on imported steel and aluminum, saying they pose a threat to US national security, an argument that allies such as the European Union and Canada reject. When the conditions were struck, the USA favored a 25 percent tariff on European trucks and SUVs.

Soybeans, the second-most valuable USA crop after corn, have been especially hard hit - exports to China accounted for about one-third of the oilseed's revenue a year ago.

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On Tuesday, the Trump administration said it will use a Great Depression-era program to pay up to 12 billion dollars to help USA farmers weather the growing trade war.

Colorado farmers like Robert Sakata say they'd rather have trade than aid, but with plummeting commodity prices, they need relief. "This administration's tariffs and bailouts aren't going to make America great again, they're just going to make it 1929 again". House Speaker Paul Ryan of Wisconsin said lawmakers are making the case to Trump that tariffs are "not the way to go".

During a Monday event at the White House featuring American-made goods, Trump displayed a green hat that read, "Make Our Farmers Great Again".

Critics said Trump's aggressive approach makes it tough for other countries to offer concessions, lest they be seen by their own people as caving in to bullying. Canada, China and Mexico are the three biggest buyers of USA farm goods, accounting for 43 percent of purchases in 2017.

Ibach said the benefits of this program will flow back not only into the farm suppliers, but forward to those companies that distribute the goods that farmers and ranchers produce.

"I can't think of another time when you had as many battles and particularly as many battles with no resolution in sight", said Edward Alden, senior fellow at the Council on Foreign Relations.

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