FEFAC expresses concern over new US tariffs and EU counter-tariffs on agricultural products, urging immediate negotiations to protect feed industry resilience and competitiveness. Pedro Cordero, President of FEFAC, advocates for trade agreements to enhance transatlantic trade in agricultural products, such as feed grains and key feed additives.
The European Feed Manufacturers' Federation (FEFAC) has raised serious concerns over the recently announced US tariffs on EU steel and aluminium products, as well as the EU's counter-tariffs on a wide range of US agricultural goods, particularly feed grains and feed products. These measures could disrupt vital supply chains for the EU feed industry, which relies on imports of protein-rich feed products like soybeans, maize, and other feed grains.
Pedro Cordero
FEFAC President
Mr. Pedro Cordero, FEFAC President, emphasized the longstanding strategic partnerships between US and EU feed sector organizations, highlighting their role in ensuring global food security and resilient livestock production. He warned that these new tariffs could undermine these joint efforts, jeopardizing the feed sector's ability to maintain stable supply chains.
"Both the US and EU administrations must urgently enter into direct negotiations to remove these tariffs," Mr. Cordero stated. "Such tariffs could adversely affect the resilience and competitiveness of EU livestock production systems." He also proposed exploring targeted trade agreements, similar to the 2018 Trump/Juncker agreement, to boost transatlantic trade in agricultural products, including feed grains and essential feed additives. These measures could increase trade from €4 billion to €8 billion, helping reduce the US agricultural trade deficit with the EU.