US Edition
US threatens EU with 17% tariff on food exports
UNITED STATES, JUL 4 – The U.S. plans to exit the Tomato Suspension Agreement and impose 17% tariffs to protect domestic growers amid concerns of unfairly priced Mexican imports, affecting $3.12 billion in annual trade.
- US President Donald Trump threatened a 17% tariff on European food and farm exports during talks in Washington this week, warning EU officials of possible trade actions.
- This escalation follows US concerns about unfair Mexican tomato imports and the Department of Commerce's July 14 plan to exit the Tomato Suspension Agreement affecting $3.12 billion in 2024 imports.
- The EU faces internal divisions weakening its position, yet it remains optimistic for a negotiated solution while preparing €21 billion in retaliation, including tariffs on US goods if talks fail.
- Florida Tomato Exchange EVP Robert Guenther emphasized that ending the current agreement and applying U.S. trade regulations is essential to provide the support that domestic growers have long been seeking.
- The unfolding tariff threats risk major disruptions to transatlantic trade, with the US targeting a July 9 deadline to impose wider tariffs, spurring intensified negotiations across multiple sectors.
49 Articles
49 Articles
Less than seventy-two hours - the deadline at 18.01 Italian - to defuse the duty bomb. Today, meanwhile, from the White House should start a dozen letters to as many...
The US president would impose tariffs on a range of products, from Belgian chocolate to Italian olives. The EU would agree, but is ready for a tariff war.
With just days left before the US deadline for new tariffs expires, Washington has proposed a 17 percent punitive tariff on European food. The threat could cause concern in southern Europe – even as the EU prepares countermeasures.
While Brussels finds it difficult to find a unified position, crossed by the divergent interests of France, Germany and Italy, according to the "Finncial Times" the tycoon would be ready to charge 17% on the grocery store.That for us would be a slash.With the credits issued, sold to other car houses, since 2015 Elon Musk has raised 11 billion.The special contains two articles.
Trump threatens 17% tariffs on EU's food and farm produce as regional bloc prepares for a trade war
The EU trade commissioner, Maroš Šefčovič, was given the warning on Thursday during his meeting with US Treasury Secretary, Scott Bessent, Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick.
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