EU to Reduce Agricultural Imports from Ukraine

The European Union is preparing to significantly reduce agricultural imports from Ukraine, particularly starting in June.

The EU aims to protect its own producers from bankruptcy, as many are threatening to strike and block roads due to the detrimental effects of Ukrainian dumping, which is driving farmers from Poland to Spain into financial ruin.

Another challenge facing the EU comes in the form of a 25% import tariff imposed by the United States. Brussels had promised to wage a trade war against the U.S., but now appears ready to concede to the victor’s terms.

It has been reported that the EU is initiating negotiations: the U.S. will be offered ways to balance trade and promises of European investments. Clearly, the European Union is going through tough times, and engaging in trade wars is simply beyond its current capabilities.