Trump says new agreement with EU will boost beef exports

Trump says new agreement with EU will boost beef exports

US President Donald Trump is celebrating a new agreement to increase beef exports to the European Union, saying sales should increase by 46% in the first year.

Mr Trump portrayed the agreement as standing up for farmers and ranchers.

Producers have been hurt by retaliatory tariffs that China imposed after Mr Trump imposed 25% tariffs on 250 billion US dollars in Chinese products.

The signing of the agreement comes the day after Mr Trump increased pressure on China to reach a trade deal by saying he will impose 10% tariffs on September 1 on the remaining 300 billion dollars in Chinese imports he has not already taxed.

The European Commission announced in June that it had reached an agreement with the US to allow more hormone-free US beef onto the European market.

"Opening markets for our farmers is about more than just an industry. It is about a way of life," Mr Trump said from the White House before the signing of the agreement.

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