November 27, 2021

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The United States and the European Union have reached an agreement to reduce taxes on steel and aluminum

The United States and the European Union have reached an agreement to reduce taxes on steel and aluminum

The United States has signed an agreement with the European Union to resolve a three-year dispute over tariffs on European steel and aluminum. Important news for the greenhouse construction industry, among other things.

The United States has announced that from December 1, 2021, Section 232 will not be subject to EU-specific iron and aluminum exports. The European Union (EU) plans to suspend an increase in restructuring measures effective December 1. Moreover, both economic powers have agreed to press the pause button on pending problems within the World Trade Organization.

“Today’s agreement between the United States and the European Union is good news for American farmers,” said Zippy Dowell, chairman of the U.S. Farm Bureau Federation Bar Association. “The dispute initially revolved around steel and aluminum, but our farmers have been involved as the EU has reduced U.S. exports to recover orange juice, butter, cheese, pork, nuts and more.”

“As we continue to recover from the impact of the global epidemic, we need the stability and foresight of strong trade agreements to increase exports to American farmers and provide healthy, affordable food to our international neighbors.”

For more information:
Mike Tomco
American Farm Bureau Federation
+1 (202) 406-3642
[email protected]

Bailey Corwine
American Farm Bureau Federation
+1 (202) 406-3643
[email protected]

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