United States resumes a trade beef with the European Union
by: PAUL WISEMAN, AP Economics Writer Updated:
WASHINGTON (AP) – The United States is resuming a trade fight with the European Union over barriers to American beef exports.
The Office of the U.S. Trade Representative is threatening to bring back tariffs -covering truffles, Roquefort cheese and other products – to pressure the EU into ending a ban on U.S. beef treated with hormones.
In 1998, the World Trade Organization ruled against the EU, and the U.S. imposed tariffs. When a compromise was reached in 2009, the U.S. suspended the tariffs. But the Americans say the deal hasn’t worked.
The two sides hoped to resolve the issue in a trade agreement, the Transatlantic Trade and Investment Partnership. But progress on that pact has stalled. So, the U.S. said, “it is now time to take action.”
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