TARIFF ON TEXAS BEEF: U.S. beef is being hit with retaliatory tariffs by Canada and China, which will raise prices to importers and send them shopping elsewhere. It’s all in retaliation to the Trump administrations tariffs against China and Canada. So how will this affect Texas Beef industry? Well Texas doesn’t actually export much beef to China. That’s because US beef was banned there until just last year. But the tariffs may still mean cheaper steaks and burgers here at home, it’s all because of a different meat: pork. Here’s how: the Chinese eat a lot of US Pork. It too, is facing tariffs. That will trap more pork here in the US driving its price down. Texas A&M Livestock Economist David Anderson explains how it will impact prices at the supermarket.
So as consumer we look at pork and ‘oh man that’s a good deal!’ so if we chose pork instead of a relatively expensive beef or a relatively expensive chicken. Those prices react too by coming down.”
So it’s Good news if you eat a lot of meat. Bad news if you grow and sell livestock. Experts agree if tariffs continue, prices will eventually rise as producers sell off livestock that may have been intended for the Chinese market.
And as far as states to be most affected by Chinese Tariffs – A recent report from the U.S. Chamber of Commerce reveals that Washington State and Louisiana are the top two states hurt by tariffs it’s estimated that one in five jobs is export business related.
