Japanese’s increase tariff on frozen beef has little effect so far

Mexia News Staff Report

After Japan announced a steep rise in tariffs on U.S. frozen beef nearly three months ago, the Texas and Southwestern Cattle Raisers expressed concern that sales to Japan would be significantly impacted. The predicted drop in sales may happen as time passes, but so far the effect has not been apparent.
The tariff increase was announced July 28 and implemented automatically on Aug. 1 after sales of U.S. beef products spiked in Japan. The tariff will continue at the higher rate until at least March 2018.
As for the Limestone County area, Don Henderson with the Groesbeck Sale Barn, said he had not seen any difference in sales since the Japanese tariff on U.S. frozen beef imports rose Aug. 1.
“I cannot tell of any effect,” he said. “I’m sure it would affect sales here. There’s a dribble-down effect. I’m sure it will. The further it goes, the more it will affect it.”

To read more of this story, pick up a copy of Thursday's edition of The Mexia News. Subscribe online or call 254-562-2868.