Vietnam

Vietnam Confirms Tariff Cut on U.S. Pork

Dan Export/Import, Pork, Tariff

Vietnam has confirmed it will lower its Most Favored Nation tariff on imported frozen pork from 15 to 10 percent. The reduction is expected to be implemented on July 1, 2022. Getting better market access to Vietnam, a major pork-consuming country, has been a top trade priority for the National Pork Producers Council (NPPC). They recently led efforts asking U.S. Trade …

agreement

U.S. – E.U. Agreement on Ag Collaboration

Dan Corn, Exports/Imports, Tariff, Trade

On the sidelines of the Group of 20 Summit this week, European Union officials and the Biden administration put together a deal to ease the tariffs on E.U. steel and aluminum imports into the U.S. while eliminating retaliatory duties from the E.U. on several U.S. goods. Rod Bain reports the new transatlantic collaboration agreement that agriculture leaders from both the U.S. …

Peanut Market Update

EU Suspending Tariffs on Peanuts

Dan Exports/Imports, Peanuts, Tariff

In a sign of easing trade tensions, the U.S. and European Union agreed late last week to suspend tariffs on a variety of products, including peanuts. While for now, it’s only a temporary removal of the tariffs, Tyron Spearman reports it’s still good news for the U.S. peanut industry.