Earlier this week, President Trump signed the U.S.-Japan Trade Agreement, which is an important step forward with U.S. agriculture’s fourth-largest export market. During a media conference call Thursday, National Cattlemen’s Beef Association (NCBA) Director of International Trade and Market Access, Kent Bacus, said this is a monumental development.
According to NCBA, in 2018 Japanese consumers purchased $2.07 billion of U.S. beef. Currently, U.S. beef faces a massive 38.5 percent tariff in Japan, while our competitors from Australia, Canada, Mexico, and New Zealand face a 26.6 percent tariff. So leveling the playing field in Japan has been a top priority for the National Cattlemen’s Beef Association. Learn more at ncba.org.