Trade is vital to the future of the beef industry.
Cattlemen and cattlewomen support open markets and science-based standards in international trade. Every effort should be made to expand export opportunities for U.S. beef, including through trade agreements that remove tariff and non-tariff barriers. Trade agreements offer vast potential to increase U.S. beef exports in key markets, particularly in Asia and Latin America.
According to the U.S. Meat Export Federation, exports account for over $325 per head of fed cattle. The premiums gained through exports of U.S. beef benefit producers in every segment of the supply chain.
The U.S.-Mexico-Canada Agreement (USMCA) benefits U.S. cattle and beef producers because it protects our duty-free, unrestricted access to Canada and Mexico, and cements science-based trade throughout North America. NCBA worked closely with Congress and the Administration to secure USMCA, which went into force on July 1, 2020.
Japan Bilateral Trade Deal
Japan is the largest export market for U.S. beef, accounting for nearly $2 billion in sales annually. In 2019, the Trump Administration secured a critically important bilateral trade deal with Japan that leveled the playing field for U.S. beef producers by reducing Japan’s tariff from 38.5 percent to 9 percent.