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On November 9, 2020, the European Commission imposed additional tariffs to a list of U.S. products following the WTO ruling against U.S. subsidies to aircraft maker Boeing.
Free Trade Agreements (FTAs) help expand foreign markets for U.S. producers and exporters by reducing trade barriers, fostering a more stable and transparent environment for trade and investment...
Graphic illustrating the change in composition of U.S. agricultural shipments to the EU between 1995 - 2015.
While the United States had a $16 billion agricultural trade surplus with the rest of the world in 2015, it ran a record $12 billion trade deficit in farm and food products with the European Union.
In recent years, India’s exports have demonstrated phenomenal growth – especially to developing countries, which now account for nearly 80 percent of Indian exports.
Exports of high-value, processed food products have been a significant contributor to the strongest five-year period for agricultural exports in U.S. history.
On July 18, 2013, the European Commission stopped providing export subsidies for poultry exports.
The EU is plagued by a highly regulated system that has hindered its ability to react to the supply shortfalls seen over the last few years.
The ability of U.S. agricultural and food exporters to penetrate the growing EU market is constrained by tariff and non-tariff trade barriers and increased global competition.