Seventeen countries, including Argentina, Australia, Brazil, Canada, and others, are allowed to export fresh and frozen beef to the US with zero tariffs within a specific quota. Four of these countries have independent tariff quotas, while the rest share a common quota under the 'Other countries' tariff quota, which is already filled for 2024. Exports exceeding the quota will face a 26.4% tariff, making it challenging for countries like France, Ireland, and the Netherlands to compete with countries like Australia that are exempt from the tariff.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Currently, there are 17 countries that can export fresh and frozen beef to the United States with zero tariffs within a certain quota: Argentina, Australia, Brazil, Canada, Chile, Costa Rica, Dominican Republic, France, Ireland, Japan, Mexico, Namibia , Netherlands, New Zealand, Nicaragua, United Kingdom and Uruguay. Four of them (Australia, New Zealand, Argentina and Uruguay) operate under their own independent tariff quotas. Argentina and Uruguay each have a quota of 20,000t, New Zealand 213,000t and Australia 448,000t. The rest of the countries have a common quota under the "Other countries" tariff quota. Since this group includes Brazil, which is a large exporter of beef, the quota for 2024 has already been completed. It was officially filled on February 27. In 2023 it was filled on May 2 and in 2022, on March 28. It should be noted that the quota for other countries is 65,005 t and is for 13 countries, so it is not difficult for it to be filled immediately. What does it mean ...
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