Trump Slaying 'Loch Ness Monsters' and 'Alligators,' Conway Says

Trump says ‘drop all tariffs’ with European Union — hours after tweeting ‘tariffs are the greatest’

Trump and Jean-Claude Juncker, the president of the European Commission, announced Wednesday that they had agreed to work toward resolving disputes over steel and aluminum tariffs, delay proposed vehicle tariffs and talk about a bilateral trade deal.

The punishing U.S. metals tariffs had angered Washington's major trading partners including the European Union and sparked retaliation against important American exports, spooking global stock markets.

President Donald Trump is lamenting decades of US trade policy as he addresses steel workers in IL.

"I've made perfectly clearly that any time China is willing to seriously negotiate - and we're talking about a commitment to reduce the bilateral trade deficit as well as to deal with technology issues - we're available any time", he said. "We can also do stupid".

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

Whatever progress was achieved on Wednesday could provide some relief for United States carmakers.

Mr Trump has threatened to impose tariffs on imported cars, prompting the Europeans to suggest they may place tariffs on 20 billion dollars (£15 billion) of American goods in retaliation.

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

WTO Director-General Roberto Azevedo said Wednesday he is hoping to "stop this trend" of growing restrictions on trade. We paid $1.5 billion in duties on Chinese footwear past year alone.

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White House economic adviser Larry Kudlow has said he expected Juncker to come with a "significant" trade offer. "You're not going to be too angry with Trump, I can tell you", he said Thursday in the farming state of Iowa.

Meanwhile, the United States remains embroiled in major trade disputes with China and other trading partners. Pat Roberts, R-Kan.

Mike King took another perspective: "Trump has a fraction of the vocabulary of Junkers".

"We have more confidence in him now than we did before", said Rep. Mike Conaway, R-Texas, the chairman of the House Agriculture Committee. "They are a millimeter has not moved", said the Commissioner.

Trump says he's in Granite City, Illinois, on Thursday "to celebrate a victory". He has also threatened to slap tariffs on imported cars, trucks and vehicle parts, potentially targeting imports that a year ago totalled 335 billion dollars (£254 billion).

Fox News financial analyst Neal Cavuto called it a "dramatic, a stunning development, on trade". That's what has been happening in the arena of global trade, and President Donald Trump is rightly calling out our competitors for unfair play.

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

"Auto tariffs are looming unless the European Union buys more USA stuff and does other things Trump demands", he said.

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