Exporters would save around USD 120 million in tariffs, explained an expert from the livestock market. Key data from the North American meat market
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The unofficial decision for the US to increase the import quota of Argentine beef, which pays a 10% tariff, to 80,000 tons, has generated protests from American ranchers, just as the temporary elimination of export withholdings on Argentine soy had upset their soy-growing counterparts. “After destroying the soy market and giving away to Argentina our main export market (China), Trump now wants to do the same with the meat market,” said Christian Lovell, an Illinois rancher. “Washington should focus on fixing the domestic market, not rewarding foreign competitors,” added the director of Farm Action, one of the northern country's cattle lobbies. The complaint seems exaggerated. The increase in the Argentine beef quota will not move the dial of a market that consumes 12 million tons of meat annually, cattle consultant Víctor Tonelli told Infobae, who specified that to meet its consumption, the US, which currently has the lowest cattle herd in the last 75 years, must import about 2 ...
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