President Trump has paused his 50 percent tariff hike on the European Union until July. The higher rate was supposed to begin in just a few days.
President Trump says he had a productive call with the EU Commissioner over the weekend, saying she wants to reach a deal but needs more time, requesting a pause until July 9th.
President Trump has said the EU has been difficult to deal with and has voiced frustration over how long negotiations were taking. The EU already has a 25 percent tariff on steel and aluminum, along with reciprocal tariffs on around 10 percent of other goods.
Related Stories
RealAg Radio host Shaun Haney says producers should continue to watch tariff negotiations, market access, and the possibility of a more transactional trade relationship with China.
European officials say the temporary move is aimed at easing pressure on farmers as conflict in the Middle East disrupts fertilizer markets.
Canadian industry leaders argue the tax policies cited by U.S. officials are similar to exemptions already used by American growers.
Current estimates are already hovering around 80 weeks.
