NCBA Hails Signing Of U.S.-Japan Trade Agreement
National Cattlemen's Beef Association (NCBA)
President Jennifer Houston today issued the following statement after attending
a White House ceremony in honor of the bilateral trade agreement between the
United States and Japan that will lower Japan's massive tariffs on U.S. beef.
"I was deeply honored to attend the ceremony at the White House where we celebrated a bilateral trade agreement with Japan. As the top market for U.S. beef exports, Japan accounts for one quarter of our exports and roughly $2 billion in annual sales. As a beef producer, I understand the value of exports to my bottom line, and President Trump understands that increased access to foreign markets like Japan is the economic stimulus we need.
"We are grateful for President Trump's leadership and for the hard work of our trade negotiators who fought hard to strengthen our access to the Japanese market. Because of their efforts, future generations of American ranching families will benefit from trade with Japan."
Houston hailed today's announcement as an important step forward for the U.S. beef industry.
"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.