Thursday, December 22, 2016

U.S. resumes beef action vs. Europe

The United States is threatening to hit European imports with tariffs in a resumption of hostilities over beef trade.

The European Union imposed a ban on most U.S. beef in 1998 because farmers use growth promotants.

That was over-ruled by the World Trade Organization and then the Europeans struck a deal to allow some beef imports from the U.S.

But now the outgoing administration of President Barrack Obama says that’s not working, so it says it is prepared to impose tariffs on European products to pressure the Europeans to drop their beef import barriers.