MarketScreener
Valentina Pop
Sept. 3, 2018
BRUSSELS -- The European Union said Monday that it was willing to start talks with Washington on increasing U.S. beef imports, a move aimed at cementing a trade truce agreed upon in July.
The announcement comes just days after President Trump warned that an EU offer to go to zero tariffs on cars is insufficient to avert a trade war. Mr. Trump has repeatedly called on Europe to open up its protected agricultural market.
Agriculture is largely off the table in trade talks that Mr. Trump and European Commission President Jean-Claude Juncker said in July they would continue to pursue.
But Mr. Juncker did agree to solve existing trade irritants -- one of which regards high-end beef -- and to boost U.S. soybean exports to Europe. Both agricultural products have been hit by retaliatory tariffs from China and Mexico, with U.S. beef producers having been forced to stockpile meat in cold storage facilities.
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https://www.marketscreener.com/news/EU-Says-It-Is-Open-to-More-U-S-Beef-Imports--27202787/
