NCBA Supports Trade Deal With Japan
National Cattlemen’s Beef Association (NCBA) is very pleased following the bilateral trade agreement between the United States and Japan that will lower Japan’s massive tariffs on U.S. beef.
The NCBA's Kent Backus explains.
“For the past few years, U.S. beef producers have benefitted greatly from growing demand for U.S. beef in Japan. While Japanese consumers enjoy high quality U.S. beef, they unfortunately pay a higher price for U.S. beef due to the massive 38.5 percent tariff. Removing that tariff allows more Japanese consumers to enjoy more U.S. beef at a more competitive price. Today’s announcement is welcome news for American families who produce U.S. beef and Japanese families who purchase it.”
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. Leveling the playing field in Japan is a top priority for the National Cattlemen’s Beef Association.