Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   
   
   

Agricultural News


Pork Industry Cheers Trump Administration's Decision to Lift Metal Tariffs on North American Partners

Fri, 17 May 2019 15:03:04 CDT

Pork Industry Cheers Trump Administration's Decision to Lift Metal Tariffs on North American Partners The Trump administration today announced plans to lift the 25% tariff on steel and the 10% duty on aluminum imports imposed last year on Canada and Mexico. Both countries subsequently retaliated against a host of U.S. products.



"We thank the administration for ending a trade dispute that has placed enormous financial strain on American pork producers," said David Herring, a pork producer from Lillington, N.C., and president of the National Pork Producers Council. "Mexico's 20% retaliatory tariff on U.S. pork has cost our producers $12 per animal, or $1.5 billion on an annualized, industry-wide basis. Removing the metal tariffs restores zero-tariff trade to U.S. pork's largest export market and allows NPPC to focus more resources on working toward ratification of the U.S.-Mexico-Canada Agreement (USMCA), which preserves zero-tariff trade for U.S. pork in North America."



Last year, Canada and Mexico took over 40% of the pork that was exported from the United States. NPPC has designated USMCA ratification as a "key vote" and will closely monitor support of the agreement among members of Congress. U.S. pork exports to Mexico and Canada support 16,000 U.S. jobs.



"We are also hopeful that the end of this dispute allows more focus on the quick completion of a trade deal with Japan," Herring added. "U.S. pork is losing market in its largest value market to international competitors that have recently implemented new trade agreements with Japan."



According to Dr. Dermot Hayes, an economist at Iowa State University, U.S. pork will see exports to Japan grow from $1.6 billion in 2018 to more than $2.2 billion over the next 15 years if the U.S. quickly gains access on par with international competitors. Hayes reports that U.S. pork shipments to Japan will drop to $349 million if a trade deal on these terms is not quickly reached with Japan.



Source - National Pork Producers Council




   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, September 13, 2019  Fri, 13 Sep 2019 16:33:34 CDT
  • Friday Market Wrap-Up with Justin Lewis  Fri, 13 Sep 2019 14:01:36 CDT
  • Beef That Keeps Them Coming Back - How Certified Angus Beef Supports Consumer Education in Parking Lots  Fri, 13 Sep 2019 13:33:12 CDT
  • NACD Calls WOTUS Reversal a Positive Step Forward for Locally-Led Conservation  Fri, 13 Sep 2019 13:29:09 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn   Fri, 13 Sep 2019 13:23:57 CDT
  • The Ins and Outs of Making Stockpile Bermudagrass Work, Noble's James Rogers Shares His Advice  Fri, 13 Sep 2019 11:46:58 CDT
  • Repeal of WOTUS Strikes Emotional Chord with OCA's Michael Kelsey, Reflecting on Action's Significance  Fri, 13 Sep 2019 11:38:03 CDT
  • NPPC Welcomes Reports China will Suspend Its Imposition of Punitive Tariffs on U.S. Pork Imports  Fri, 13 Sep 2019 10:46:48 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.