The United States has reached a deal with the European Union to resolve a three-year dispute over tariffs on steel and aluminium imported from the bloc. The US has announced that it will no longer apply the Section 232 tariffs on a certain amount of EU exports of steel and aluminium, effective as of 1st December 2021. The EU intends to suspend the increase in rebalancing measures set for 1 December. In addition, the EU has agreed with the US that both sides will hit the pause button on their respective WTO cases against each other.
American Farm Bureau Federation President Zippy Duvall commented today on the agreement to end a Section 232 tariff dispute between the United States and the European Union.
“Today’s agreement between the United States and the European Union is welcome news for America’s farmers. While the dispute centered around steel and aluminum, farmers were swept up in the turmoil as the EU clamped down on U.S. agricultural exports like orange juice, butter, cheese, pork, nuts and many more. It’s crucial that we now restore those trade relationships.
“As we continue to recover from the impact of the global pandemic, America’s farmers need the stability and predictability of strong trade agreements to grow exports and provide healthy, affordable food to our international neighbors.”
For more information:
Mike Tomko
American Farm Bureau Federation
Tel.: +1 (202) 406-3642
Email: miket@fb.org
Bailey Corwine
American Farm Bureau Federation
Tel.: +1 (202) 406-3643
Email: baileyc@fb.org