They consider that the EU's tariffs on the US "could have been more forceful"

Published Nov 13, 2020

Tridge summary

The Uniýn de Uniones de Agricultores y Ganaderos (UdyC) farm union in Spain has expressed disappointment with the European Union's (EU) tariffs on US products, arguing that they target minority imports and do not include competitive items like nuts and beef. The EU imposed tariffs of 15 and 25% on 141 US products, including agricultural items, in response to the Boeing subsidy dispute. Despite these tariffs causing only a minor impact on EU imports from the US, which accounted for 5.5% of the total in 2019, UdyC believes the EU could have taken a more effective stance. The union also pointed out inaccuracies in the US government's domestic farm aid and suggested that the EU could have used this opportunity to counter the American sanctions more effectively.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Uniýn de Uniones de Agricultores y Ganaderos, after analyzing the list of products on which the EU has imposed tariffs of 15 and 25% through the Regulation published on November 7, considers that it has lacked forcefulness by including almost minority products. Uniýn de Uniones explains that in the Regulation that imposes tariff sanctions on the United States for the Boeing case, additional duties are applied to a total of 141 United States products, of which 77 can be considered as agricultural or related to the sector (agricultural products, prepared foods, alcoholic beverages or agricultural machinery among other products). According to data from Datacomex that the organization reports, EU imports of these products, agricultural and non-agricultural, from the United States in 2019 amounted to 15,998 million euros (764 million euros in the case of Spain) , which represents 5.5 and 5.8% of the total value of imports from the US respectively. In relation to agri-food, US ...
Source: InfoAgro

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.