tariffs

Inflation Prompts Some Trading Partners to Cut Tariffs on Red Meat

Dan Beef, Cattle, Economy, Exports/Imports, Livestock, Pork, Tariff

South Korea is the latest country to suspend import duties on pork and other food items in an effort to combat inflation. They join Mexico, the Philippines, Taiwan, Vietnam and Brazil in reducing or eliminating tariffs on certain food items to lower consumer prices. And while these tariff reductions sometimes benefit global competitors more than U.S. red meat, the overall …

usdec

Dairy Groups: Retaliatory Tariffs Required as Canada Refuses its USMCA Obligations

Dan Dairy, Economy, Exports/Imports, Marketing, Tariff

The National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council (USDEC) Monday called on the U.S. government to levy retaliatory tariffs on Canada. The call comes after Ottawa made clear that it refuses to meet its signed treaty obligations under the U.S.-Mexico-Canada Agreement (USMCA) concerning dairy market access. In January, a USMCA dispute resolution panel initiated by the …

ncba

U.S. and Japan Agree to Increase Beef Safeguard Trigger Level

Dan Beef, Cattle, Export/Import, Marketing, Tariff

U.S. Trade Representative Katherine Tai and U.S. Secretary of Agriculture Tom Vilsack announced that the United States and Japan have reached an agreement to increase the beef safeguard trigger level under the U.S.-Japan Trade Agreement. The new three-trigger safeguard mechanism will allow U.S. exporters to meet Japan’s growing demand for high-quality beef and reduce the probability that Japan will impose higher …

global

Vietnam Confirms Tariff Cut on U.S. Pork

Dan Export/Import, Pork, Tariff

Vietnam has confirmed it will lower its Most Favored Nation tariff on imported frozen pork from 15 to 10 percent. The reduction is expected to be implemented on July 1, 2022. Getting better market access to Vietnam, a major pork-consuming country, has been a top trade priority for the National Pork Producers Council (NPPC). They recently led efforts asking U.S. Trade …

agreement

U.S. – E.U. Agreement on Ag Collaboration

Dan Corn, Exports/Imports, Tariff, Trade

On the sidelines of the Group of 20 Summit this week, European Union officials and the Biden administration put together a deal to ease the tariffs on E.U. steel and aluminum imports into the U.S. while eliminating retaliatory duties from the E.U. on several U.S. goods. Rod Bain reports the new transatlantic collaboration agreement that agriculture leaders from both the U.S. …