The European Union has announced retaliatory tariffs on $28 billion worth of U.S. products.
The tariffs would target U.S. goods like soybeans, almonds, pork, and dairy, with soybeans being the biggest export to Europe. This move follows the U.S. imposition of 25 percent tariffs on steel and aluminum imports.
EU president expressed regret over the tariffs, stating they are harmful to business and consumers, and they disrupt supply chains, raising uncertainty for economies and jobs in both regions.
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Trump’s upcoming talks raise hopes for U.S. soybeans, but China’s record purchases from Brazil and Argentina show America’s market share remains under heavy pressure.
Farmers face tighter barge capacity and higher freight costs during peak harvest.
“MAKE SOYBEANS, AND OTHER ROW CROPS, GREAT AGAIN!”
Taiwan’s pledge to expand imports strengthens export prospects for U.S. row crops, livestock products, and specialty commodities, while the USDA’s broader trade push seeks to diversify farm markets globally.
“American soybean farmers—who are already reeling from your sweeping tariffs—deserve better.”
