After a White House meeting, President Donald Trump and his European Union counterpart announced plans to resolve their differences over steel and aluminum tariffs. Beyond that deal, Trump said Europe will buy more U.S. soybeans. “The European Union is going to start almost immediately to buy a lot of soybeans from our farmers, from the Midwest, primarily.” Trump said the US and EU will work together to remove tariffs and trade barriers. “This will open markets for farmers and workers, increase investments and lead to greater prosperity in both the United States and the European Union. It will also make trade more reciprocal.” While tariffs were the focus of the joint announcement, there are no European tariffs on US soybeans.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.