Japan and European Union signs new trade deal, reduces tariff on U.S beef

New trade deals with Japan and the European Union finalized on Jan. 1.

National Cattlemen’s Beef Association President Jennifer Houston stated the trade deal is good news for cattle producers.

The new deal with Japan instantly reduced tariff on U.S. beef from 38.5 percent to 26.6 percent, and it will ultimately drop to 9 percent. Significantly, it keeps them at the same tariff rate as rest of international beef produc....