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Agricultural News


As Worries Mount for Beef Industry Over Possible Tariff Retaliation, Doud Brings Balance to the Table

Thu, 29 Mar 2018 10:28:01 CDT

As Worries Mount for Beef Industry Over Possible Tariff Retaliation, Doud Brings Balance to the Table


According to the National Cattlemen’s Beef Association’s lead lobbyist, Colin Woodall, recent talk of tariffs coming from the Trump Administration has many in agriculture, including beef producers, worried. Those concerned fear to what extent US ag export customers like China might retaliate. Woodall told Radio Oklahoma Ag Network Farm Director Ron Hays the biggest threat is the possible inciting of an international trade war - with ag caught in the middle.


“It’s definitely a worry for us because history shows us anytime a country is hit with some sort of punitive tariff like we have done, there is always a retaliatory tariff that is put in its place against the other country and agriculture is typically on that list,” Woodall said. “So far, US beef has not been on any of those lists, but that does not mean we couldn’t end up on the list.”


One consolation thankfully for the ag industry is that President Trump has decided to exempt South Korea from these tariffs. As events develop, though, Woodall says it will be a boon to the industry to have Chief Agriculture Negotiator Gregg Doud in place at the US Trade Representative’s Office to help mediate any future tariff negotiations and potentially work out any bilateral deals with key markets like Japan.


“I think having Gregg Doud at the table is definitely going to be benefit and will make sure our voice is heard a little bit more,” he said. “Even though we have butted heads a little bit with the President, we can say that overall we’ve worked well with him on trade. All we have to do is look back at what he did last June in reopening China. But, Gregg will be a big help for us.”


Listen to Woodall and Hays discuss the beef industry’s trade worries further, and other concerns regarding the progress of the 2018 Farm Bill, on today’s Beef Buzz.


The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.



   



   

Hear Woodall and Hays discuss these and other beef industry worries further, on today's Beef Buzz.
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