EU will purchase more American beef after U.S. president rattled markets with new China tariffs
Roger Meirick looks over beef and hogs sides hanging in his cooler awaiting processing at Elma Locker & Grocery on July 25, 2018, in Elma, Iowa. President Donald Trump on Friday will announce the EU is buying more American beef. (Scott Olson/Getty Images)
Updated 2:15 p.m. | President Trump on Friday formally announced an agreement with the European Union under which countries in the bloc will purchase additional amounts of American beef, according to a source with knowledge of the situation.
The deal, largely negotiated by U.S. Trade Representative Robert Lighthizer and other administration officials, was made possible when Australia and other beef-producing countries renegotiated their agreements with the EU. Under it, the U.S. beef industry will have access to nearly 80 percent of the EU’s yearly quota on hormone-free beef over seven years, European officials announced in July.