U.S. BEEF NOW AT DISADVANTAGE IN VIETNAM BECAUSE OF TPP

A seventh nation has ratified the Trans-Pacific Partnership, allowing meat imports from its member nations to enter at a cheaper rate than the U.S. Vietnam ratified the deal earlier this month, resulting in reduced duties for imports from Australia, Canada, Japan, Mexico, New Zealand and Singapore. U.S. Meat Export Federation Economist Erin Borror says Vietnam is a significant market for U.S. beef…



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Borror adds when it comes to America’s competitors in beef, they will enjoy large advantages because of the implementation of TPP…



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For all beef products from the U.S., tariffs will remain at least in the double digits. The U.S. withdrew from TPP shortly after President Trump took office.

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