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US adds tariffs to EU ag goods, EU expected to retaliate
The Trump administration has announced it will impose a 25% tariff on some European ag goods later this month.
The World Trade Organization approved the annual $7.5 billion worth of tariffs to make up for damages done by European subsidies given to aircraft manufacturer Airbus. Products that could be hit with the tariff include cheese, butter, yogurt, pork and cherries.
The National Milk Producers Federation applauds the large number of dairy products on the list, saying the US is running a $1.6 billion dairy trade deficit with Europe because of blocked access to the EU market, while the EU has enjoyed broad access to the US market.
The EU is expected to retaliate with tariffs on US ag goods including soybean oil, cherries, wine, grapes and vodka after winning a WTO suit over US subsidies for Boeing.
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