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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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022089
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02208900.010
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1990-09-17
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BUSINESS, Page 75Business NotesTRADECooking Up A Beef Deal
In keeping with the Lone Star State's reputation for
independence, a Texan aims to strike a separate peace in the beef
war between the U.S. and the European Community. Because most
American feedlot operators hasten cattle growth with hormones, the
E.C. has banned more than $100 million of U.S. meat imports.
Washington has retaliated by slapping 100% tariffs on $100 million
of annual European food imports. But last week Texas Agriculture
Commissioner Jim Hightower, declaring it was time "to cut the
bureaucratic crap," proposed a way to provide hormone-free exports
to Europe.
Critics swiftly broiled Hightower's plan, which calls for
greater use of natural production systems. Reason: hormone-free
feeding could add more than 15% to the cost of beef.
Nonetheless, the State Department reportedly has been cooking
up a compromise in which the U.S. would export specialty beef
products, including tongue and liver, that conform to E.C.
standards. Secretary of State James Baker may offer such terms this
week when he makes a diplomatic tour of European capitals.