Source: Mike Dorning, BLOOMBERG, 10/7/20


U.S. Agriculture Secretary Sonny Perdue warned that the European Union’s “Farm to Fork” environmental initiative will stoke trade tensions as European producers face higher costs and seek protectionist measures. Perdue said in a conference call Tuesday with European and U.S. reporters that world food prices would double if the initiative were followed globally. He said that the estimate was based on conclusions from U.S. Department of Agriculture economists he spoke to.

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