Council Reacts To New Trade Deal With European Union

The U.S. Grains Council (USGC) is encouraged to hear that a trade deal between the U.S and the European Union (EU) was announced today by President Trump and the White House.

U.S. Department of Agriculture Secretary Brooke Rollins said the EU will purchase $750 billion in U.S. energy, including ethanol.

Although the EU threatened 25% and 30% tariffs on U.S. corn and U.S. sorghum, respectively, early in the negotiations, reports also say the EU has agreed to zero tariffs on some ag products, but the EU has not provided a list of specific commodities at this time.