Georgia Ag Economic Impact and Japan Lowers Safeguard on U.S. Beef
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**Georgia’s farmers serve a healthy helping to the state economy, according to the 2022 Feeding the Economy Report, a national study released on National Ag Day.
According to the GFB, the report shows food and agriculture support over 1.4 Million jobs in Georgia, and provide $68.3 billion in wages, $21.3 billion in taxes and $4.2 billion in exports.
All told, the state’s ag and food sectors have a $230.7 billion economic impact.
www.gfb.org/media-and-publications/news.cms/2022/1236/national-study-shows-ag-s-impact-on-u-s----ga-economies-vital
**The U.S. Trade Representative and the USDA announced changes to the safeguard on Japan's imports of U.S. beef.
In a statement, U.S. Meat Export Federation President Dan Halstrom said, USMEF greatly appreciates the efforts to adjust Japan’s safeguard on U.S. beef.
The U.S.-Japan Trade Agreement was a tremendous breakthrough
for the U.S. meat industry, including the significant reduction in Japan's tariffs on U.S. beef, but the playing field has not been entirely level due to this safeguard.
**The U.S.-China Business Council applauded the Biden administration for renewing tariff exclusions on 352 categories of Chinese imports.
BUT, the group is disappointed the administration did NOT approve the exclusions on the full list of 549 categories requested.
American companies have submitted 53,000 requests for tariff exclusions but fewer than 7,000 were granted.
USCBC president, Craig Allen says tariffs negatively affect U.S. companies of all sizes, especially many of the smaller ones struggling to survive.
