Date :3 December 2020

EU heavy tariffs on US oilseeds

In recent weeks, the European Union has imposed a range of relatively heavy tariffs on US-produced agricultural commodities.

The US food and agriculture industry seem to be embroiled in a war that may have nothing to do with it.

China was just one example of the wars that led to the non-purchase of this traditional soybean customer from the United States.

Most recently, in October, the European Union (EU) won a lawsuit on World Trade Organization that allowed him to impose $ 4 billion in tariffs on US-produced goods.

Accordingly, the union will impose 25 percent tariffs on the country’s agricultural products.

Expert assessments suggest that the EU is focusing on products such as oilseeds. A commodity that has already generated more than $ 390 million in revenue for the United States.

During Donald Trump’s presidency, American agricultural commodities were at the forefront of all restrictions imposed by his administration’s trade disputes with various nations around the world.

Some diplomats believe that the election of Joe Biden as the next President of the United States could help resume talks between the European Union and the United States. However, Josep Borrell, the EU’s foreign policy chief, believes that the return of EU relations by the US before Donald Trump’s presidency seems a bit far-fetched.

 

Read more:

The Decrease In US Grain Exports

How Soybean Made China And Russia Two Important Trading Partners

Read more
Ukrainian corn exports to China increased by 71%

Leave a Reply

Your email address will not be published. Required fields are marked *

*

code