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The European Commission’s plan to impose additional duties on up to 26 billion euros ($28 billion) of U.S. imports could significantly disrupt Europe’s livestock sector, which heavily relies on imported grains for animal feed, according to industry association FEFAC.
The new tariffs, part of the EU’s countermeasure to Washington’s levies on steel and aluminum, would reintroduce a suspended 25% duty on products such as corn from April 1 and extend additional duties to soybeans and other goods from April 13. FEFAC President Pedro Cordero warned that these measures would "adversely affect the resilience and competitiveness of EU livestock production systems," as higher feed costs could squeeze margins for farmers and meat producers across the bloc.
FEFAC highlighted that feed grains might serve as a bargaining chip in a negotiated settlement between the EU and the U.S. to avoid these tariffs. Cordero noted that with the EU’s current imports of U.S. feed commodities at around 4 billion euros, there is potential to double this figure to 8 billion euros. Such an increase could help reduce the existing U.S. agricultural trade deficit with the EU, which has long been a sticking point in transatlantic trade discussions.
The reimposition of the tariff on U.S. corn is particularly concerning for key European markets. With the 25% duty back in force, major importers like Spain could find U.S. corn prohibitively expensive, further straining the supply chain for animal feed. Market reactions were swift, as Chicago corn and soybean futures fell on Wednesday, reflecting growing apprehension among traders that Trump’s tariff policies and the EU’s countermeasures may dampen U.S. farm exports.
As the trade conflict continues to escalate, the agricultural sector is bracing for potential disruptions. The evolving tariff landscape underscores the complex interplay between trade policy and domestic economic interests on both sides of the Atlantic.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
A coalition of over 60 rights organisations has signed a letter addressed to French President Emmanuel Macron demanding reparations for Haiti, whose economy was burdened for decades by a 19th-century compensation debt to France.
AnewZ and Agenzia di Stampa Italpress have signed a Memorandum of Understanding and Cooperation to develop and strengthen ties in the media sector.
President Donald Trump announced on Wednesday that the United States will impose a 25% tariff on imports from India starting August 1, along with an additional, unspecified penalty.
Azerbaijan will begin supplying 6 million cubic metres of gas to Syria this week under a swap deal with Türkiye, officials said, aiming to boost electricity generation in the war-torn country.
Kazakhstan has once again come into the geopolitical spotlight, this time with American interests front and center.
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