Trump obtains concessions from Europeans, according to an EU official

.

Jean-Claude Juncker

Cecilia Malmström has agreed to work with the US administration to lower industrial tariffs on both sides, increase LNG and soybean exports to Europe and align regulatory standards to allow medical devices to work. have better access to the market in Europe.

The two delegations were still refining language in a joint statement on car rates, the official said.

A joint press conference between Mr. Trump and Mr. Juncker was rushed.

The Dow Jones Industrial Average was up 0.7% on Wednesday after the news.

(more to come)

Previously …

WASHINGTON President Donald Trump blasted Wednesday critics of his trade policy, warning that they are undermining his negotiating position while American farmers are "torn".

Trump's remarks, aimed at critics he did not name, arrived just hours before a meeting with European Commission President Jean-Claude Juncker, during which tensions between the United States and the European bloc should dominate

with potential car prices weighing heavily on their minds. Last week, Mr Trump threatened "tremendous retaliation" if his meeting with EU officials did not result in what he saw as an agreement of the day. fair self-trading.

million. Trump has been leaning to the oval office tapped Mr. Juncker's hand by describing him as a "very intelligent and very hard man" who represents the European member states well.

"Over the years, the United States has lost hundreds of billions of dollars to the European Union and we just want it to be a fair playground for our farmers, our manufacturers, for all of us. world, "added Mr. Trump.

" We are close partners, allies, not enemies, we must work together, "said Mr. Juncker.Trump did not answer questions about the question of whether it will impose car rates, but said that "the United States would be very happy" to create a trade partnership without duties, without barriers and without subsidies.

Trump should also meet the lawmakers Wednesday to discuss his administration's plan to offer $ 12 billion to help farmers hardest hit by the retaliatory tariffs imposed by US trading partners.Many legislators have expressed their skepticism that the plan would bring long-term prosperity to American farmers

. Trump insisted on Wednesday that national political repression is only delaying and hampering his ability to negotiate an agreement.

"When you have people chasing you during a negotiation, it will only take a longer time to reach an agreement – the agreement will never be as good as it could have been with the unit, "he said. "The negotiations are going really well, be cool, the end result will be worth it!"

He wrote, "Are we going to just keep going and let our farmers and our country get scammed?"

U.S. Business partners are responding to Trump's decision to impose tariffs on imports of metals, clothing and electronics from a wide range of countries, including China, China, Japan and the United States. Mexico, Canada and the Member States of the European Union.

Belt of the American farm. China, a huge market for US agricultural exports, has applied tariffs on US products worth $ 34 billion, including soybeans and pork. Canada, Mexico and the EU have also responded with clean tariffs.

"China targets our farmers, whom they know and love, and I encourage them to continue to allow them to enjoy the United States.," Mr. Trump wrote on Twitter Wednesday. "They are mean in what will be their failed attempt.We were kind – up to now!"

Secretary of Agriculture

Sonny Lost

Twitter wrote on Tuesday night that "agricultural aid" is a clear statement that other nations can not intimidate our agricultural producers to force the United States to yield to unfair trade and tactical retaliatory practices. "

Tuesday, many lawmakers of Mr. Trump's Republican Party criticized the announcement that his government would offer farmers a one-time help, describing it as a bailout devoid of any long-term solution.

Republican lawmakers from agricultural countries said they were expecting to meet with Mr. Trump on Wednesday to discuss an ongoing farm bill and agricultural assistance. Some Republicans are worried about the potential for political repercussions in the run-up to the November mid-term elections.

"The action that I would like to see is to resolve this tariff fight and go ahead with business opportunities," he said.

Senator Cory Gardner

(R., Colo.), Who chairs the Senate Republican campaign arm for Senate Republicans.

Trump's chief economic advisor, Lawrence Kudlow, said Wednesday morning at CBS: "Nobody is really happy about it, we are just trying to protect American agriculture from some unfair trade practices." [19659004] Before the meeting of Mr Trump, European Commissioner for Trade

Cecilia Malmstroem

met with lawmakers, seeking ideas on how to approach Mr. Trump. Republican lawmakers, hoping to persuade Trump to take a step back, said they had urged him to reach an agreement to lower tariffs.

Paul Ryan

(R., Wisconsin) said he and the trade commissioner discussed "how we can reach an agreement to lower tariffs and trade barriers, avoiding escalating trade tensions." Chairman of the Senate Finance Committee

Orrin Hatch

(R., Utah) encouraged him to work with the president to strengthen the transatlantic partnership, including through tariff reduction, said a spokesman

while aggressive trade policies of Mr. Trump with China were celebrated by members of both major political parties, his decision to impose tariffs on imports of steel and aluminum from the EU, the Canada and Mexico has generated more skepticism. The Trump administration justifies this decision on grounds of national security and a growing trade deficit – arguments that these countries reject as being far-fetched.

Trump repeatedly complains that the EU imposes tariffs of 10% on auto imports, compared to 2.5% in the United States. He refuses to mention the 25% tariffs imposed by the United States on light trucks, compared to 10% in Europe. Mr Trump recently described the EU as "enemy" of the trade.

-Siobhan Hughes contributed to this article.