2 months ago
62
(NewsNation) — Italian Prime Minister Giorgia Meloni volition conscionable with President Donald Trump astatine the White House connected Thursday, with tariffs apt astatine the apical of the agenda.
Meloni is expected to talk for Italy and the European Union arsenic a whole. A spokesperson told the Associated Press earlier this week Meloni and European Commission President Ursula von der Leyen person "closely coordinated" outreach up of Thursday's meeting.
“We cognize we are successful a hard moment,” Meloni said this week successful Rome. “Most certainly, I americium good alert of what I represent, and what I americium defending."
The sojourn is the latest successful a engaged week of negotiations. The Trump squad is besides gathering with Argentinian President Javier Milei, the EU and a Japanese commercialized delegation.
The White House said it is looking implicit commercialized proposals from astatine slightest 15 countries, and Trump connected Wednesday touted “big progress” from talks with Japan.
While helium looks to settee tariff disputes with immoderate countries, Trump is turning up the vigor with China and threatening a 245% tariff connected immoderate of their goods.
The latest levy menace comes arsenic China has reportedly ordered airlines not to bargain American-made Boeing planes, vowed not to vessel cardinal minerals to the United States and boosted its lipid imports from Canada.
As of Thursday, China said Trump's tariff hikes nary longer marque economical sense. China and the U.S. person nary plans to negociate tariffs.
Federal Reserve Chair Jerome Powell has warned tariff policies — which helium called "significantly larger than expected" successful aboriginal April — whitethorn wounded the system successful the agelong term.
Trump criticized Powell aboriginal Thursday for the Fed's latest determination to clasp disconnected connected involvement complaint changes.
On societal media, Trump said Powell "should person lowered Interest Rates, similar the ECB, agelong ago, but helium should surely little them now. Powell’s termination cannot travel accelerated enough!"
As mundane Americans and agriculturalists alike brace for impact, apical Trump officials said assistance whitethorn beryllium coming for farmers caught successful the commercialized war.
Agriculture Secretary Brooke Rollins told NewsNation past week the medication is moving connected a bundle to assistance mitigate imaginable harm done by tariffs to U.S. farmers “if necessary."
White House property caput Karoline Leavitt said Trump is discussing a imaginable bailout for farmers, akin to the tens of billions of dollars helium gave to farmers during his archetypal presidency.
