WASHINGTON, D.C. –
WASHINGTON, D.C. – The U.S. Grains Council (USGC) is encouraged to hear that a trade deal between the U.S and the European Union (EU) was announced today by President Trump and the White House.
U.S. Department of Agriculture Secretary Brooke Rollins said the EU will purchase $750 billion in U.S. energy, including ethanol.
Although the EU threatened 25% and 30% tariffs on U.S. corn and U.S. sorghum, respectively, early in the negotiations, reports also say the EU has agreed to zero tariffs on some ag products, but the EU has not provided a list of specific commodities at this time.
Previously, U.S. corn and sorghum have been held to a “floating tariff” that has calculated to be zero for the majority of the last five years.
“While we are eager to see the details, the Council thanks President Trump, the USDA and the USTR for continuing their tireless effort to bring about fair trade between the U.S. and the EU,” said USGC President and CEO Ryan LeGrand. “This deal promises to build upon long-established trade with our eighth largest grains-in-all-forms trading partner worth more than $1 billion in the 2023-2024 marketing year.”
About The U.S. Grains Council
The U.S. Grains Council develops export markets for U.S. barley, corn, sorghum and related products including distiller’s dried grains with solubles (DDGS) and ethanol. With full-time presence in 28 locations, the Council operates programs in more than 50 countries and the European Union. The Council believes exports are vital to global economic development and to U.S. agriculture’s profitability. Detailed information about the Council and its programs is online at www.grains.org.