USMEF Highlights Importance of Chinese Market for US Meat Exports in Wake of New Tariff TargetsWed, 04 Apr 2018 12:37:40 CDT
President and CEO of the U.S. Meat Export Federation (USMEF) Dan Halstrom, released the following statement in response to China's latest tariff announcement:
"China is a promising market for U.S. beef, and, since the June 2017 reopening, the U.S. industry has made an exceptional effort to provide customers with high-quality beef at an affordable price. This is not an easy task, due to our 13-year absence from the market and China’s beef import requirements.
"Over the past nine months, interest in U.S. beef has steadily gained momentum in China and our customer base has grown. But if an additional import tariff is imposed on U.S. beef, these constructive business relationships, and opportunities for further growth, will be put at risk. USMEF is hopeful that this trade dispute can be resolved without China introducing additional obstacles for U.S. beef.
"In the second half of 2017, following the market reopening, U.S. beef exports to China totaled 3,020 metric tons valued at $31 million. In January 2018, exports reached the highest monthly volume to date at 819 metric tons, valued at $7.5 million."
Additional information related to this release:
USDA GAIN Report
Source - USMEF
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