In an effort to help an industry hurt by his trade war with China, President Donald Trump announced an agreement Friday intended to boost beef exports to the European Union.
A statement from the U.S. Trade Representative said the agreement would nearly triple annual U.S. duty-free exports of beef to the EU from $150 million to $420 million over the next seven years.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.