Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211


Agricultural News

NCGA Applauds New Agreement to Lift E.U. Tariffs on U.S. Corn

Wed, 03 Nov 2021 16:29:06 CDT

NCGA Applauds New Agreement to Lift E.U. Tariffs on U.S. Corn On the sidelines of the Group of 20 Summit this past weekend, European Union officials and the Biden administration brokered a deal that will ease tariffs on E.U. steel and aluminum imports into the U.S. while eliminating retaliatory duties from the E.U. on several U.S. goods, including U.S. Corn.

“This is an important step for America’s corn farmers and a step toward restoring our trading relationship with the European Union,” said NCGA President Chris Edgington. “We were dragged into a trade dispute that did not involve us, and we are highly appreciative of the Biden administration for this development.”

In May of this year, the Biden administration announced the start of discussions with the E.U. to address global steel and aluminum excess capacity, which originally prompted the U.S. to apply tariffs on European steel and aluminum imports under the authority of Section 232. This action was met by the E.U. imposing retaliatory tariffs on U.S. imports, including a 25% tariff on U.S. corn. Under the new deal, the U.S. agreed to provide a duty-free quota for European steel and aluminum while keeping the Section 232 tariffs in place for any steel or aluminum shipped in excess of the quota, maintaining a minimum level of protection for American-made steel and aluminum.

“As farmers, we feed and fuel the world,” said Edgington. “When our crops are used as a bargaining chip, everyone loses.”

More details on the agreement can be found on USTR’s factsheet here.



WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Congressman Tom Cole Mourns the Loss of Bob Dole  Sun, 05 Dec 2021 20:20:45 CST
  • Atop the RON Rural Soapbox - Former Secretary John Block  Sun, 05 Dec 2021 13:23:04 CST
  • Friday, December 3, 2021, Market Wrap-Up with Justin Lewis  Fri, 03 Dec 2021 15:44:47 CST
  • USDA Awards Funds for Fiscal Year 2022 Market Development Programs   Fri, 03 Dec 2021 15:36:46 CST
  • Stabenow, Thune Applaud USDA's Announcement to Give Producers More Flexibility on Prevented Plant Acres  Fri, 03 Dec 2021 15:33:24 CST
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. Friday, December 3, 2021  Fri, 03 Dec 2021 15:31:32 CST
  • Consumers can Cut Utility Bills by Conserving Water at Home  Fri, 03 Dec 2021 15:27:28 CST
  • This Year's Tulsa Farm Show Has New Attractions While Keeping Old Favorites  Fri, 03 Dec 2021 15:17:34 CST

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.


    Search OklahomaFarmReport.com

    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.