Please Follow us on Gab, Minds, Telegram, Rumble, GETTR, Truth Social, X , Youtube
European Union (EU) countries have endorsed sweeping tariff cuts for American farm and manufactured products,adopting negotiating mandates that move the bloc closer to eliminating all remaining duties on U.S. industrial goods and opening new preferential access for a broad range of American agricultural exports.
The decision by the European Council, announced on Nov. 28, clears the way for talks with the European Parliament on two regulations that implement the tariff elements of the Aug. 21 EU–U.S. Joint Statement—an accord that aims to stabilize transatlantic trade ties, reduce tensions, and rebalance two-way commerce amid lingering disputes over metals, tariffs, and digital-sector rules.
The first regulation would zero out the EU’s remaining customs duties on U.S. industrial goods and establish new tariff-rate quotas and reduced tariffs for U.S. seafood and non-sensitive agricultural products, including a host of items identified in the joint statement—tree nuts, dairy, fruits and vegetables, processed foods, soybean oil, pork, bison meat, and planting seeds.
Read more here.
