EU deals with US beef over imports
The EU has reached a deal to give the US a larger share of Europe’s beef market, reports Reuters. The agreement means the US will now secure a guaranteed 18,500 tonnes of the 45,000-tonne quota for hormone-free beef, with that number rising to 35,000 tonnes after seven years. The move will reduce the amount of the quota other suppliers like Australia, Uruguay and Argentina can compete for, but could help defuse trade tensions between the US and Europe.