Cattle Farmers Celebrate U.S. Deal with EU

President Donald Trump and officials from the European Union signed an
agreement last week that will nearly triple the volume of duty-free beef exports to Europe.

“This is a tremendous victory for American farmers, ranchers and, of course, European consumers, because American beef is the best in the world,” the president said at the signing event.

Trump said duty-free beef exports to the EU will increase by 46 percent. Over seven years, they will increase another 90 percent. By full implementation, the president said, duty-free exports of U.S. beef will increase from $150 million to $420 million.

Europe and the U.S. have battled over hormones in beef since the late 1980s, which included a case before the World Trade Organization that the U.S. won but the European Union failed to abide by.

Source: DTN