Statement by Mark McHargue, President, Regarding US-Japan Trade Deal
LINCOLN, NEB. – “Today’s announced agreement between Japan and the United States, which will lessen the likelihood of triggering additional tariffs on U.S. beef exports to Japan, is a win for Nebraska’s beef producers and the state as a whole. Nebraska alone exported $457 million worth of high-quality Nebraska beef to Japan in 2021, a 44 percent increase compared to 2016 with additional growth expected in 2022.”
“These changes, which place the United States on par with those nations who are part of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), will help ensure U.S. beef isn’t subject to higher tariffs simply due to export growth in this top market for Nebraska beef. Now is the time for the Biden administration to build upon this success and work to achieve additional wins for farmers and ranchers in the realm of agricultural trade.”
The Nebraska Farm Bureau is a grassroots, state-wide organization dedicated to supporting farm and ranch families and working for the benefit of all Nebraskans through a wide variety of educational, service, and advocacy efforts. More than 55,000 families across Nebraska are Farm Bureau members, working together to achieve rural and urban prosperity as agriculture is a key fuel to Nebraska’s economy. For more information about Nebraska Farm Bureau and agriculture, visit www.nefb.org.
