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.
"This is a tremendous victory for American farmers, ranchers and of course, European consumers," Trump said during an event at the White House.
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August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.