Transcript for Trump faces fallout from tariffs

President trump this morning also facing major fallout from his terrace has administration now announcing a twelve billion dollar bailout for farmers caught in the middle but the backlash. Fierce including from Republicans ABC's Terry Moran is at the white house with the very latest on this on teary. Even the president's allies say it seems that in this trade war it might only be getting worse. That's right it did president has be patient good morning Cecilia. Free trade used to be a bedrock principle were Republicans but Donald Trump has been a protectionist for decades now he's president. He's getting to put his protectionist tariffs in place and getting stiff blow back especially from American farmers. A showdown over trade at the White House today as the president sits down to negotiate with the European Union Macon tremendous. Don't want to have those terrorists put on them they're all coming. And all this comes as the president tweets tariffs are the greatest. But not so great for American farmers who've been caught in between the warring sides hit. Hit with retaliatory tariffs from trading partners like Europe and China. The penalties on soybeans Jerry and pork. Are costing farmers billions we are directly to people who is being most effective news it is out of our pockets that these millions and millions of dollar who floated president trump is now trying to blunt this self inflicted wound authorizing a twelve billion dollar emergency aid package to bail out the nation's farmers. The payouts beginning in September just before the mid term elections but some members the president's own party have immediately rejected the president's bailout. I'm here are farmers. We just want to make a living there Enron business that won't break my day. Senator Ben sass from Nebraska a farm state tweeted this trade war is cutting the legs out from under farmers and White House's plan is to spend twelve billion dollars on gold crutches. But the president insists his policies are going to benefit farmers especially in key states that helped deliver him to the White House. The farmers who will be the biggest beneficiary. This be a little patient. The today when the president meets with the head of the European Union subject will be the next trade war over imported automobiles the consumer could be in the crossfire in this one. The National Automobile Dealers Association predicting that the cost of a domestic car. Could go up almost 3000 dollars in imported car almost 7000 dollars Robin. Our right Terry thank you.

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