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The US Meat Export Federation (USMEF) is setting its sights on expanding trade opportunities in Canada, Mexico, and the UK under the potential second Trump administration.
At a Glance
- USMEF focuses on maintaining tariff-free trade with Canada and Mexico under USMCA
- The UK presents a significant untapped market for US red meat exports
- US seeks reciprocal access to the UK market, aiming for no tariffs or quotas
- USMCA review in 2026 crucial for sustaining strong trade ties
- Potential early trade wins with the UK could benefit US agriculture and red meat exports
USMEF’s Strategic Focus on Key Markets
As the agricultural sector braces for potential changes under a second Trump administration, the US Meat Export Federation (USMEF) is strategically positioning itself to capitalize on emerging trade opportunities. The organization has identified two key regions that hold significant potential for US meat exports: North America, specifically Canada and Mexico, and the United Kingdom.
The USMEF’s approach reflects a keen understanding of the global meat trade landscape and the importance of maintaining existing relationships while cultivating new markets. This strategy aligns with the Trump administration’s focus on bilateral trade agreements and efforts to secure more favorable terms for US exporters.
Preserving USMCA Benefits
A critical component of USMEF’s strategy involves safeguarding the advantages secured under the United States-Mexico-Canada Agreement (USMCA). With a review of the agreement scheduled for 2026, maintaining the current tariff-free trade environment is paramount for the US meat industry.
The USMCA has been instrumental in facilitating robust trade relationships between the three North American nations. Any potential changes to this agreement could have significant implications for US meat exporters, making it a top priority for the USMEF to advocate for the preservation of these beneficial trade conditions.
Are you attending the ESPACIO trade show this year? If so, make sure to visit the USMEF booth! Explore the latest trends and innovations in the U.S. red meat industry, meet our experts, and discover new opportunities in U.S. meat exports.#USMEF #PorkCheckoff #BeefCheckoff pic.twitter.com/n5Oviy4lbm
— USMEF (@USMEF) September 30, 2024
Unlocking the UK Market Potential
The United Kingdom represents a largely untapped market for US red meat exports, presenting a substantial opportunity for growth. Despite being a significant importer of beef and pork, the US currently holds minimal market share in the UK.
“We have basically no access into the UK for US beef, and that’s a $2 billion market, of which we’re essentially out of. And on the pork side, [there’s] also tremendous potential. We just need reciprocal access. We need no tariffs, no quotas. UK benefits from practically unfettered access into the US, and we need the same into the UK,” U.S. Meat Export Federation Vice President of Economic Analysis Erin Borror said.
Navigating Post-Brexit Challenges
The UK’s departure from the European Union has created both challenges and opportunities for US meat exporters. Brexit resulted in the US losing duty-free access to the UK market, as the high-quality beef quota remained with the EU. This shift has necessitated a reevaluation of trade strategies and negotiations with the UK as an independent trading partner.
As the Trump administration potentially returns to office, the USMEF sees an opportunity to build on the significant trade talks held during the first Trump presidency. These negotiations could pave the way for increased market access and more favorable trading conditions for US meat products in the UK.
Free trade agreements in Central America are opening up new opportunities for U.S. beef exports to Guatemala, Costa Rica& Panama. There's a growing demand for high-quality, grain-fed U.S. beef& USMEF is educating on the quality attributes of U.S. beef. #BeefCheckoff pic.twitter.com/3sIfGeGmxj
— USMEF (@USMEF) October 7, 2024