'Tariffs are the greatest!': Trump reissues threat against United States trading partners

Dwayne Harmon
July 24, 2018

"Tariffs are the greatest!", he wrote.

Trump said separately during a speech in Kansas City that "farmers will be the biggest beneficiary" of his trade agenda as he seeks better trade agreements.

President Trump touted his tough trade polices Tuesday, calling tariffs "the greatest", after announcing that countries caught up in tense trade relations with the USA would visit to negotiate.

Sen. Ben Sasse, R-Neb., said the plan would spend billions on "gold crutches".

Still, some Republicans several months ago had warned against using the CCC as part of a trade-war related bailout, saying it could distort market forces and pay farmers for products they don't produce.

After Trump announced plans to impose $50 billion in tariffs on Chinese imports, Beijing retaliated with plans to impose tariffs on a range of agricultural products from the United States including soybeans, grains, meats and dairy products. China has retaliated with duties on soybeans and pork, affecting Midwest farmers in a region of the country that supported the president in his 2016 campaign.

U.S. President Donald Trump walks up a driveway prior to delivering remarks at a showcase of American-made products at the White House on July 23, 2018.

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Before departing for Kansas City, Trump tweeted that US trade partners need to either negotiate a "fair deal, or it gets hit with Tariffs".

His comments come as the president is engaged in tough talk on trade with China, Canada and many European nations.

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

U.S. agriculture exports have been a prime target of China and other countries that have retaliated against the series of tariffs Trump has imposed in recent months. "The fact that other countries are bad at economics-and harm their own people with tariffs and other protectionist schemes-does not justify our own economic incompetence". "This is the way it's going to go - make our farmers great again".

Some of the companies invited to set up their products inside the White House say they were both surprised and honored to have been asked to participate.

Canada, Mexico and the European Union also struck back at Trump's leveling of USA steel and aluminum tariffs by hitting United States exports of agriculture products and other heavily exported U.S. goods.

The president on Wednesday will meet with European Commission President Jean-Claude Juncker at the White House as the EU hopes to convince him to hold off from raising tariffs on imported cars and avoid a trans-Atlantic trade war.

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