Statement of the North American Meat Institute on Additional U.S.D.A. Assistance for Producers Hit Hard by TariffsThursday, May 23, 2019
Contact: Sarah Little
Attribute Statement to North American Meat Institute President and CEO Julie Anna Potts
“We appreciate the Administration’s continued commitment to livestock producers facing significant economic losses resulting from tariffs imposed by some trading partners, notably China.
“According to a U.S. Meat Export Federation (USMEF) analysis, losses to the U.S. pork industry from tariffs imposed by China could reach $9.08 per head or $1.14 billion annually. The timing of these tariffs is especially bad as China’s domestic pork industry battles a deadly animal disease known as African Swine Fever, and pork imports boom as a result. Due to the tariffs, the U.S. pork industry loses out on significant gains in that market.
“In the U.S. beef sector, USMEF estimates that export losses in China this year will likely exceed $430 million or $15.93 per head due to the tariffs.
“Once foreign markets are lost to competitors, regaining them is extraordinarily difficult. It is critical to continue ongoing trade negotiations with China, to approve the United States-Mexico-Canada Agreement (USMCA) and to further talks with Japan. Now is the time to remove barriers to trade before permanent damage is done to our vibrant agricultural economy and the people who drive it.”
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