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Balanced Reporting. Trusted Insights.
Sunday, January 23, 2022
The European Union has agreed to lift retaliatory tariffs on U.S. exports in exchange for getting tariff-free access for some steel and aluminum shipments to America, the Biden administration announced on Saturday.
European farm groups were already concerned the EU’s Farm to Fork plan would slash production levels across the bloc of 27 countries, but now they fear that the European Parliament will make the situation worse.
Roman Leshchenko, Ukraine’s minister of agrarian policy and food, has a vision of creating a global agricultural powerhouse with the initiation of a new land reform program to create a private farmland market and modernization of its Soviet-era irrigation system.
The U.S. and European Union are working to smooth out trade differences when it comes to aviation and steel, but the U.S. dairy sector says a proposed European overhaul to the health certificates it requires for imports is a major threat to American exports.
The USDA has been saying for months that the European Union’s Farm-to-Fork plan to overhaul farming and food production in the 27-country bloc would be disastrous for farmers and raise food prices for consumers. Now, the chorus of concerns from European farmers is growing louder.
Agreements by the U.S., European Union and the UK to suspend all tariffs tied to airplane subsidies may open the door to renewed efforts by the U.S. to strike separate free trade agreements with the British and Europeans, according to Ag Secretary Tom Vilsack.
The U.S. is ratcheting up its punishment on the European Union with new tariffs on French and German wine and other alcoholic beverages as both sides remain entrenched over aircraft subsidies.
All of the European Union nations have signaled their approval of the trade agreement with the United Kingdom, allowing the pact to take effect on Friday and prevent the economic turmoil many feared when Britain exits the EU.
