Trump confirms agreement with EU on American beef exports
President Donald Trump on Friday announced an agreement with Brussels on trade in American beef, long blocked from EU markets over concerns about use of hormones.
"American beef is considered the best in the world," Trump said at the White House.
The "breakthrough" agreement "will lower trade barriers in Europe and expand access for American farmers and ranchers."
US and EU officials reached a preliminary agreement in June in the dispute that dates back to 1988, when Europe banned imports of meat from animals injected with hormones, a common practice in the United States.
The United States responded a decade later with tariffs on certain European goods but under a 2009 compromise, Washington had lifted some sanctions in return for the creation of a EU import quota to allow some US beef exports.
But other producers such as Argentina, Australia and Uruguay seized a large share of that quota, prompting President Barack Obama's administration to threaten a renewal of the customs ...