Aug. 2 (UPI) -- U.S. President Donald Trump on Friday announced a new trade deal with the European Union that is expected to increase beef exports across seas.
Under the agreement, the European Union plans to import 45,000 tons of hormone-free beef, 35,000 tons of which will come from the United States. This is a 46 percent increase of U.S. exports of beef, which will grow to a 90 percent increase over seven years. Duty-free exports will increase from $150 million to $420 million.