Meat Institute Pleased with Asian Trade Deal and Senate Votes to End Tariffs on Brazil
From the Ag Information Network, I’m Bob Larson and this is your Agribusiness Update.
**The Meat Institute was pleased to hear about the White House trade deals with Cambodia, Malaysia, Thailand, and Vietnam.
Meat Institute president, Julie Anna Potts says we applaud the elimination of onerous registration requirements and the reinforcement of sound, internationally recognized science in determining market access.
She says we’re grateful to Trade Representative Jamieson Greer and Assistant USTR Julie Callahan for their hard work on tariff and non-tariff trade barriers.
**The U.S. Senate voted 52–48 to end tariffs on Brazilian imports, including coffee, in a bipartisan rebuke of President Trump’s trade policy.
The tariffs, imposed under emergency powers in July, added a 50% duty on goods from Brazil.
Five Republicans joined Democrats in support.
While the measure is unlikely to advance in the House or survive a veto, it highlights growing frustration over the use of emergency powers for trade.
**The White House issued a fact sheet on recent U.S. negotiations with China, stating China has agreed to lift all retaliatory tariffs on U.S. ag products imposed during Trump's second term.
www.agrimarketing.com reports this includes tariffs on chicken, wheat, corn, cotton, sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy.
China responded to new U.S. tariffs in March with a 20% retaliatory tariff on U.S. soybeans and other ag products.
www.agrimarketing.com/s/155335
