United States and European Union Sign New Trade Deal for American Farmers

Yesterday, the United States and European Union (EU) signed a new trade deal which “establishes a duty-free tariff rate” for American cattle farmers’ beef exports. The office of the United States Trade Representative reports American beef “exports [are] expected to grow from $150 million to $420 million” over the seven year course of the deal. U.S. Trade Representative Robert Lighthizer remarked, “With this new [trade deal,] American ranchers have a guaranteed market share in Europe.” Deputy Chief of Mission at the Embassy of Finland, Jani Raappana, serving as ambassador for the EU, signed the deal, commenting that by signing “this agreement, the EU reaffirms its commitment to a positive transatlantic trade agenda and a new phase in the EU-U.S. relationship.”

1. https://ustr.gov/about-us/policy-offices/press-office/press-releases/2019/august/united-states-and-european-union
2. https://www.whitehouse.gov/briefings-statements/remarks-president-trump-signing-u-s-eu-trade-agreement/