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The import of U.S. beef was banned in 2003 in South Korea and in other nations after a case of bovine spongiform encephalopathy was discovered in the United States. [2] At the time, South Korea was the third-largest purchaser of U.S. beef exports, with an estimated market value of $815 million. After a number of failed attempts at reopening the ...
On 17 May 2019, the United States and Japan struck a trade deal to lift the beef import ban, clearing the way for U.S. products to enter the market regardless of age. U.S. agriculture secretary Sonny Perdue hailed the trade deal, stating "This is great news for American ranchers and exporters who now have full access to the Japanese market for their high-quality, safe, wholesome, and delicious ...
The United States government has made beef exports a key issue in bilateral trade with Taiwan. When the Taiwanese Legislative Yuan reinstated the ban on imports of ground beef and internal organs of cattle in January 2010, the American Institute in Taiwan (AIT) issued a statement saying that the action undermined Taiwan's credibility as a ...
Balance of trade with the United States. The 30 largest trade partners of the United States represent 87.9 percent of U.S. exports, and 87.4 percent of U.S. imports as of 2021. These figures do not include services or foreign direct investment. In 2023, Canada is the largest trading partner of the United States, followed by Mexico. [1]
Federal and industry officials say 2010 was the best year on record for U.S. beef. While analysts speculate about just how fragile the U.S. economy is, reports from one sector of American ...
Country or region Imports (millions of $) . Year United States 3,375,948 2022 European Union [n 1] 2,743,745 [3]: 2022 China 2,706,601 2022 Germany 1,571,057 2022 Japan ...
This will mean a large dip in cattle brought into the United States. As Southern Ag Today reported, imports of cattle from Mexico increased to nearly 1.25 million head in 2024.
For the September quarter, the company's beef segment generated $5.03 billion in sales but faced an operating loss of $323 million. Volume fell 6.7% from last year as the average price increased ...