British Prime Minister Theresa May today called off a Tuesday vote by the U.K. Parliament on her negotiated plan to withdraw from the European Union. Without giving a specific timeline, May said the vote was delayed because she believed her Brexit plan "would be rejected by a significant margin.”
The deal unveiled this week for Britain to exit the European Union would block U.S. plans to negotiate a free trade agreement with the U.K., preventing a new opening for American agricultural trade with the country, several British officials tell Agri-Pulse.
After more than 20 years of consternation, negotiation, conciliation and disappointment, the U.S. and European Union are now set to begin another round of talks on allowing the EU’s 28 nations to buy more U.S. beef.
In the eyes of the Trump administration, the new trade deal binding the U.S., Mexico and Canada is a model for future agreements, and nowhere is that more evident than in the pact's Agricultural Biotechnology section.
The European Union is now willing to restart negotiations on beef trade with the U.S., but it’s still unclear if the Europeans are willing to include any other agriculture issues in the ongoing talks aimed at avoiding an all-out trans-Atlantic trade war.
There’s plenty for the U.S. agricultural sector to like in the U.S.-Mexico deal announced today, but the biggest win for farmers and ranchers is the agreement to continue the arrangement of zero tariffs on farm goods between the two neighboring countries.