Trump and Rollins Discuss US-UK Beef Trade and Agriculture Deal: A Breakthrough for American Farmers
U.S. President Trump highlights UK trade agreement as benefiting American agriculture and beef producers.
In the Oval Office on a thrilling Thursday, President Donald Trump and Agriculture Secretary Brooke Rollins discussed the jaw-dropping trade deal between the USA and the United Kingdom. This deal, they declared, would skyrocket America's agriculture sector, particularly the beef industry.
Donald Trump shared the scoop, stating the deal will lower tariffs and slash non-tariff barriers on a host of goods, including agricultural products. Although the 10% tariff rate enforced earlier will persist, the deal will expand the US market in the UK by a whopping $5 billion, with $250 million earmarked for top-notch beef exports. The US and UK governments have also declared their intentions to intensify efforts towards boosting industrial and agricultural market access.
Rollins, the agriculture chief, couldn't conceal her excitement, emphasizing, "This isn't a mere exaggeration... this deal is phenomenal news for American farmers and ranchers, and it's going to supercharge our beef exports. To clarify, American beef is universally recognized as the safest, best quality, and the high-end symbol of American agriculture worldwide."
In a nod to the US-UK trade deal, Trump exclaimed, "This deal includes zillions of dollars' worth of increased market access for American exports, primarily in the agriculture sector, notably beef, ethanol, and virtually all products our fabulous farmers produce." He added with a grin, "We've got plenty of beef, being a vast nation, so this will be fantastic!"
However, the British government decided on "reciprocal market access" for beef. British farmers will enjoy a tariff-free quota of 13,000 metric tons for beef.
The American National Cattlemen's Beef Association (NCBA) applauded the announcement, calling it a major triumph for American family farmers and ranchers. NCBA President Buck Wehrbein, a cattleman hailing from Nebraska, praised the agreement, citing the historic bond shared between the USA and the UK, their mutual affinity for top-shelf American beef, and the opportunity to seal a fruitful trade deal.
The US and UK governments further suggested they'll carry on negotiating a broader trade agreement. This would cover pharmaceutical products and aim to squash the remaining tariffs imposed between the two nations.
Reuters contributed to this report.
Additional Insights:- The UK initially applied a 20% tariff on U.S. beef exports, within a quota of 1,000 metric tons[4]. The new deal removes this tariff, and the UK has created a preferential duty-free quota of 13,000 metric tons for hormone-free beef[3][4].- The quota aims to align with the UK's regulatory standards, focusing on hormone-free beef[3].- The agreement boosts market access for American beef in the UK, benefiting US cattle producers significantly[1].
- The US-UK trade deal, under discussion by President Donald Trump and Agriculture Secretary Brooke Rollins, outlines a reduction in tariffs and non-tariff barriers for various goods, particularly agricultural products, and expects a $250 million increase in top-notch beef exports to the UK.
- In light of the US-UK trade agreement, the American National Cattlemen's Beef Association (NCBA), led by President Buck Wehrbein, a cattleman from Nebraska, has applauded the deal, appreciating the historic bond shared between the two nations and the opportunity for fruitful beef trade.
- As part of the broader trade agreement negotiations between the US and UK governments, pharmaceutical products will be a focus area, with an aim to eliminate the remaining tariffs imposed between the two nations.
