The United States and European fight over agricultural trade
Krogh, Peter F. (Peter Frederic)
Denman, Sir Roy
Examines the recent dispute between the United States and the European Community over agricultural trade.
Disputes between the United States and Europe over agricultural trade are hardly an unusual occurrence, however in 1986 trade tensions between the U.S. and the European Community reached a boiling point. For years American farmers had fed the world, with almost 60% of the American wheat crop going overseas to foreign markets. However in 1986 Spain and Portugal joined the European Community and imposed massive tariffs on American corn and sorghum, raising duties from 20% of the market value to 130%. Faced with the loss of a major market for American farmers, the Reagan administration threatened to retaliate. When European concessions failed to prove adequate, the U.S. declared it would impose duties of 200% on $400 million worth of upscale European exports unless compensation agreements were reached by the end of January. In 1987 trade representatives from both sides reached an eleventh hour agreement, preventing a trade war for the time being, yet questions remained about the future of American agriculture and free trade negotiations. In this episode, Ambassador Alan Woods, Deputy U.S. Trade Representative and head of the negotiating team during the agricultural talks with the European Community, and Sir Roy Denman, the European Community's Ambassador to the United States, discuss the recent trade negotiations and U.S.-European economic relations.
United States -- Foreign economic relations -- Europe; Europe -- Foreign economic relations -- United States; Free trade agreements of the world; General Agreement on Tariffs and Trade (Organization); International Economics, Trade and Business; General Agreement on Tariffs and Trade (GATT); Free Trade; Agricultural Trade; European Community; Wheat Exports; Sorghum Exports; Trade Wars;
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