President Donald Trump has signed a trade agreement with the European Union which gives the U.S. a larger share of Europe’s beef market. Under the deal, the U.S. will nearly triple its yearly duty free beef exports to the E.U. Nebraska Cattlemen Association President Mike Drinnen says having a 35,000 metric ton duty free quota is a big win for U.S. agriculture.
He says having that market grow from $150 million to $420 million over seven years will give a huge economic boost to America’s cattle producers.
Drinnen says hopefully this recent quota free deal will lead to full beef market access into the E.U. in the future although there’s a lot of work to do to get there.
The U.S. E.U. agreement goes into effect following the European Parliament’s approval which is expected this fall.
