USA

The closure of the Chinese market would lead to losses of US$4 billion for US beef

Beef

Officials from the U.S. Meat Export Federation (MEF) estimated the loss of the Chinese beef market at around $4 billion per year.

Posted on Apr 30 ,00:20

The closure of the Chinese market would lead to losses of US$4 billion for US beef

The combined tariffs and standard tariffs on U.S. beef imports into China reached 147%. Added to this is the fact that Beijing has not renewed the licensing of hundreds of U.S. meatpacking plants.
 
The federation's vice president, Erin Borror, said in a weekly report that it is difficult to find markets that can replace the Chinese market. She added that China buys high-value products that other countries would not be willing to pay for.

U.S. beef exports totaled 98,198 mt in February, down 5.5% from a year ago, while value declined 4% to just over $800 million. January-February shipments were 1% below last year’s pace at 201,038 mt, but value increased 1% to $1.6 billion.

Beef exports to China/Hong Kong trended lower in February, falling 15% from a year ago to 15,415 mt, valued at $135.5 million (down 19%). Because of a strong January performance, exports through February were still 5% above last year at 34,173 mt, though value fell slightly to $298.5 million. U.S. beef’s primary competitor in China – grain-fed beef from Australia – enjoys duty-free access under a bilateral trade agreement. New Zealand beef is also duty-free, while most other suppliers are tariffed at 12%.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

BRAZIL

Bird flu in top chicken exporter Brazil triggers trade bans

Brazil exported $10 billion of chicken meat in 2024, accounting for about 35% of global trade. C...


Read more Read more
EU

Frans Egberts elected President of CLITRAVI

The European Association CLITRAVI represents 28 meat processing national associations in the EU M...


Read more Read more
MEXIC

Mexico: Cattle exports plummet by more than 50 percent in the first quarter

According to figures from the Bank of Mexico, cattle exports for the first quarter of 2025 amount...


Read more Read more
Websolutions by Angular Software and SpiderClass