President Trump inks a trade agreement with the EU

President Trump has secured a deal with the European Union, worth billions of dollars for industries like agriculture. He met the EU leader while on a trip to his property in Scotland.

Commission President Ursula von der Leyen acknowledged there was an imbalance and says this is a starting point to fix that.

She has agreed to invest $600 billion into the United States, and that is on top of already established spending. They will also face a 15 percent baseline tariff on anything sent here. During a press conference, President Trump said agriculture will benefit greatly from the deal, but leaders note details on ag trade are still being worked out. The EU has also committed to buying $750 billion worth of U.S. energy.

President Trump’s August 1st deadline is still in place. He told reporters this weekend that three to four other countries are currently in talks and could reach a deal before Friday.

Related Stories
Corn demand remains supportive, but weaker soybean buying limits overall export momentum.
China’s reliance on imported soybeans remains entrenched, shaping global demand and trade leverage.
Cuba remains a steady, nearby buyer of U.S. poultry, pork, dairy, and staples, but legal and compliance risks could still affect shipping and payment channels.
While access to China remains uncertain, U.S. beef exporters are finding resilience and opportunity in other global markets, which could help maintain industry value and expand export opportunities.
Mike Spier, president and CEO of U.S. Wheat Associates, discusses the new U.S.-Bangladesh trade agreement and its potential benefits for U.S. wheat growers.
Gretchen Kuck of the National Corn Growers Association joined us to discuss the Ag Coalition for USMCA’s report findings and expectations ahead of the upcoming USMCA review.

LATEST STORIES BY THIS AUTHOR:

House ag leaders had hoped to get the Farm Bill voted on by Easter, but no dates have been secured just yet.
Kansas State University agricultural economist Dr. Gregg Ibendahl discusses rising diesel prices, the influence of global oil markets, and the potential impact on farmers heading into the spring planting season.
Vive’s Art Graves shared insights on the new Phobos FC 360 foliar fungicide, its advantages for Canadian growers, early performance results, and the company’s ongoing commitment to advanced crop protection solutions.
Kentucky Firefighters Jonathan and Lonny Epley and Extension Agent Leann Martin tell us about a new portable grain bin rescue tool, and its potential to enhance safety for farmers and first responders nationwide.