The U.S. has imposed tariffs on the metals, again justifying the action on national-security grounds.
The main question mark is the feasibility for the European Union of the remaining part of the package: a goal to import more liquefied-natural gas from the U.S. This has strategic consequences for the bloc in general and for Germany in particular as Europe seeks to reduce reliance on Russian natural gas.
In exchange, Trump said he won access for U.S. soybean producers, and for American natural gas. "Europe's LNG import facilities are underused as it is, especially in northwest Europe".
Republican Senator Mike Rounds of South Dakota said farmers in his state have already been hurt by the trade war, losing millions in lost orders.
"Agriculture must remain outside the field of these discussions", Le Maire said in a statement.
Negotiations to lower tariffs and trade barriers promise to be lengthy and arduous. "We have stringent health, food and environmental norms as well as rules of production that we are attached to".
The official stressed that Trump retained the power to implement tariffs on cars if needed and said there was no deadline for the completion of talks.
"It has been possible to avert the outbreak of a trade war", German Economy Minister Peter Altmaier said on Thursday. In a meeting at the White House, the two sides agreed to hold off on new tariffs. Then he ignited the fire of tension by calling Europe a foe. At a North Atlantic Treaty Organization summit earlier this month, Trump said the pipeline risks making Germany "a captive of Russian Federation".
California wildfire: Fire vortex photos
"Extreme fire conditions continue to challenge firefighters last night", Cal Fire said in a statement released on Sunday. Firefighters tried in vain to build containment around the blaze Thursday, but flames kept jumping their lines, he said.
Executives with the Milwaukee company spoke with investors Tuesday for the first time since announcing last month that production of motorcycles sold in Europe would move overseas in order to avoid retaliatory tariffs the European Union is imposing on American exports.
Whatever progress was achieved on Wednesday could provide some relief for United States carmakers. Soybean pressuresAn EU official said there was significant pressure from Trump administration officials to increase EU soybean purchases as part of any trade deal. "Private farmers decide whether to buy more soybeans or not".
USA farmers have been hurt by China's retaliatory tariffs on American soybeans amid an escalating trade fight between Washington and Beijing, and Trump has been promising relief.
Recently, Trump has threatened a 25% tariff on European autos, a warning that seems to have been staved off.
The government's action points to administration concern about damage to USA farmers from Trump's trade tariffs and the potential for losing House and Senate seats in the Midwest and elsewhere. With Brazilian shippers set to send more cargoes to China, competition in Europe will diminish. U.S. Treasury prices also eased and the 10-year note's yield ended the day at a one-month high near 2.98 per cent. Steelmakers' shares fell, with United States Steel falling more than 5 per cent in extended trading, and AK Steel Holdings sliding 2 per cent. So the Chinese are buying up all the Brazilian and Argentinian soybeans they can in the interim, leading to expectations that the European Union would buy more from the U.S. Still, the EU's purchases won't come close to making up for Beijing's cutback in purchases of U.S. soybeans. That's because China, by far the largest market for the crop, has imposed retaliatory tariffs on USA soybeans, causing sales to shrink.
He later told reporters that was a "major concession" on Trump's part and that he expected the US president to follow through on it. USA import tariffs of 25 per cent on steel and 10 per cent on aluminium imposed in March will remain in place during the talks, but Juncker added: "It is the first time that the Americans agreed to reassess the measure that they have taken in the steel and aluminum sector".
Farmers will be able to sign up for the government aid in September, Agriculture Secretary Sonny Perdue said on Wednesday.