US, EU: Officials Differ on Whether Agriculture Was Discussed

US, EU: Officials Differ on Whether Agriculture Was Discussed

The EU is the second-biggest buyer of the USA oilseed.

The plan would include between $7 billion and $8 billion in direct cash relief as the Department of Agriculture expects US farmers to take an $11 billion hit due to retaliatory tariffs after Washington placed duties on Chinese goods. But on Friday, Juncker responded through his spokeswoman that agriculture was "not part of it". Trade tensions sparked by USA tariffs on steel, aluminum and thousands of Chinese goods, as well as threats to withdraw from NAFTA have contributed to double-digit declines in commodity prices and lost contracts from overseas customers seeking to avoid trading partners' retaliatory tariffs by shifting produce and meat purchases to other sources.

Beyond the question of whether or not the tariff war will work, we need to ask why USA farmers are so dependent on export markets that can close virtually overnight.

Agriculture Secretary Sonny Perdue said the package will include a mix of direct payments to farmers, commodity purchases for nutrition programs and increased promotion of new USA export markets.

The chamber opposes the billions in tariffs that President Donald Trump has slapped on a host of goods from China as well as steel and aluminum imports.

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A Reuter's report, titled "Discount not discourse to boost USA soy sales to EU", points out clearly that the recent deal reached between the US and Europe to increase the EU's imports of American soybeans contains rather a symbolic meaning.

From the National Association of Farm Broadcasting News Service.

"The U.S.is the world's third largest pork producer and a top exporter", Secretary Perdue said. For over 3.1 million farmers in the United States, they are losing the Chinese market that they'd been working hard on for decades, which simply could not be made up by relief checks.

"The EU needs to open its markets to real free trade", said Bystron, adding that the EU now has over 12,000 different tariffs on different products.

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