On August 2, 2019, the U.S. and the European Union signed a deal to allow more American beef into the EU. The agreement was approved by EU countries earlier this month and gives U.S. importers a larger share of the 45,000 tons of beef allowed into the EU every year.

Once the deal is fully implemented, duty-free American beef exports to the EU are expected to rise from $150 million annually to $420 million, according to data released by the U.S. trade office.