American sweet potato growers welcome temporary suspension of EU import tariffs

Published 2021년 3월 11일

Tridge summary

The EU and US have reached an agreement to suspend import tariffs on a variety of products, including sweet potatoes, worth billions of dollars. The agreement consists of the suspension of € 6.3 billion in taxes on imports from the EU and € 3.4 billion in taxes on products from the US. The tariffs do not only affect aircraft parts but also other products, such as German jams, French wine and Spanish olives. US sweet potato growers are relieved and expect the suspension to take effect soon.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

US sweet potato growers are relieved that the EU and US have reached an agreement to suspend import tariffs on a variety of products, including sweet potatoes, worth billions of dollars. The agreement consists of the suspension of € 6.3 billion in taxes on imports from the EU and € 3.4 billion in taxes on products from the US, Reuters reports. This cause of these charges goes back 17 years and has to do with a dispute over the granting of subsidies to the aircraft manufacturers Airbus and Boeing. However, the tariffs do not only affect aircraft parts but also other products, such as German jams, French wine and Spanish olives. The EU tariffs do not only affect American aircraft and aircraft parts, but also products such as nuts and sweet potatoes. The rates were introduced in mid-November 2020. "I am very relieved at this decision," said Steven Ceccarelli of Farm Fresh Produce in Faison, North Carolina. He says he was already setting up an office in Europe and hiring employees to ...
Source: AGF

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