New tariffs chill U.S. beef export potential

Import tariffs on U.S. beef to Canada and China are top of mind for the U.S. beef industry.

Canada implemented a 10 percent tariff on some U.S. beef products on July 1 after the U.S. moved ahead with tariffs on U.S. imports of Canadian steel and aluminum.

The tariff applies to prepared and preserved beef, represented $170 million of the $800 million in U.S. beef sales to Canada in 2017. They were a small but significant part of sales to Canada.

It’s a small market, but U.S. beef was doing a good job in taking market share from competitors. U.S. exports grew at a steady pace from zero sales to $30 million in sales in just six months.

Source: Capital Press