EU tariffs hurt US wheat farmers
US wheat farmers are the latest victims in a trade battle with the European Union.
On November 10, the European Commission issued a 25% import duty on several US goods including non-durum wheat. US Wheat Associates reports the biggest impact has been to hard red spring wheat as EU customers regularly import about 300,000 metric tons per marketing year, making it a top 10 destination for wheat from the Northern Plains.
US Wheat Associates says EU customers are also taking a hit from the market disruption as they have come to depend on high protein hard red winter wheat for valuable products like holiday breads and pizza dough.
The punitive tariffs are part of a long running dispute over state subsidies to airline manufacturers Boeing and Airbus. A termination date has not been set for these tariffs.