Reported 9 days ago
The European Union will impose a 25% tariff on U.S. corn starting April 15, aiming to limit imports in response to U.S. tariffs on steel and aluminum. This move is expected to significantly reduce U.S. corn supplies in Europe, while U.S. soybeans will face tariffs from December 1, although they remain a lower priority for now. Consequently, European importers might seek alternatives from Ukraine and Brazil, though these options may come at a higher cost. The EU's feeding industry warns of potential billion-euro costs due to these tariffs and urges the EU to use import requirements to foster trade with the U.S.
Source: YAHOO