Ag groups welcome EU tariff pause

Several ag groups say they hope the pause on retaliatory tariffs between the U.S. and European nations is a sign of positive relationships ahead.

The US and the EU and UK are temporarily suspending duties as part of their Boeing-Airbus dispute which will lift tariffs on some U.S. commodities including cheese, wheat, and pork.

Rabo AgriFinance ag economist Ben Laine tells Brownfield the UK is an important entry market for dairy exports into Europe while access into the U.S. is also important for European dairy brands.

“Any of these retaliatory tariffs that we can get lifted and keep trade flowing is going to be a big benefit in terms of keeping demand recovering,” he says.

U.S. Wheat Associates (USW) and the National Association of Wheat Growers (NAWG) welcome the four month pause in tariffs saying it will remove tariff barriers on U.S. hard red spring wheat imports by EU countries.

The Association of Equipment Manufacturers says the tariffs have needlessly hurt the equipment manufacturing industry and the bilateral trade relationship between the United States and the European Union is critical to both partners.

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