FOX Enterprise’ Kelly Saberi speaks to Illinois cattle farmer Alan Adams concerning the impression of tariffs on U.S. beef gross sales on ‘The Huge Cash Present.’
Some cattle ranchers within the U.S. are bullish about President Donald Trump’s latest tariffs.
Final week, the Trump administration introduced a baseline levy of 10% on items imported from international nations and “individualized reciprocal higher” tariffs on sure nations.
Alan Adams, a long-time cattle farmer in Illinois, informed FOX Enterprise correspondent Kelly Saberi on Monday that he was “really happy when the president mentioned last week that beef was one of the things that he wanted to make sure we got a chance to sell into other countries.”
Trump geared as much as unveil sweeping new “Liberation Day” tariffs in a transfer that threatens to ignite a devastating world commerce conflict. (BRENDAN SMIALOWSKI/AFP through Getty Pictures / Getty Pictures)
Whereas detailing the brand new tariffs final week, Trump at one level known as out Australia, saying the nation “won’t take any of our beef. They don’t want it because they don’t want it to affect their farmers, and you know what? I don’t blame them, but we’re doing the same thing right now.” He additionally mentioned imports of Australian beef to the U.S. amounted to a number of billion {dollars} final 12 months.
The Nationwide Cattlemen’s Beef Affiliation (NCBA) mentioned in an April 2 assertion that a number of nations “impose tariff and non-tariff trade barriers on American beef that inhibit opportunities to export our high-quality product” equivalent to Australia, Vietnam, Thailand and the European Union.
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Ethan Lane, the senior vice chairman of presidency affairs on the NCBA, mentioned Trump was “taking action to address numerous trade barriers that prevent consumers overseas from enjoying high-quality, wholesome American beef” with the brand new tariffs.
“We’ve struggled with this for my whole career in the cattle business, so we were really happy when the president mentioned last week that beef was one of the things that he wanted to make sure that we got a chance to sell into other countries,” Adams informed Saberi.
Some cattle ranchers within the U.S. are bullish about President Donald Trump’s latest tariffs. (Mario Tama/Getty Pictures / Getty Pictures)
“We’re happy to have other countries sell here if they can meet our standards in terms of health standards, but we’d like the same chance to sell into those countries,” he continued. “And so we’re hoping that the president will be successful.”
Entry to new abroad markets would give his enterprise the chance to develop, in keeping with the farmer.
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“Well, certainly, if we can get more market and more market share and higher prices, then we’ll start expanding our herd and trying to fill that need,” Adams mentioned.
The U.S. exported 1.29 million metric tons of beef and beef merchandise price $10.45 billion to different nations final 12 months, in keeping with the U.S. Division of Agriculture (USDA).
In 2024, South Korea, Japan, China, Mexico and Canada have been among the many high markets, receiving $2.22 billion, $1.87 billion, $1.58 billion, $1.35 billion and $896.12 million of American beef merchandise, respectively, USDA knowledge confirmed.
R-CALF USA, one other commerce affiliation, mentioned final week the brand new tariffs will “help put an end to the globalists’ practice of using cheaper imports to reduce demand for domestic cattle and sheep, which causes domestic farms and ranchers to fail.”
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The cattle and sheep producer affiliation has advocated for the addition of a “tariff-rate quota system” to curb beef and lamb imports on high of Trump’s sweeping tariffs.
Trump mentioned final week that the brand new tariffs have been “one of the most important days, in my opinion, in American history,” calling it the U.S.’ “declaration of economic independence.”
