H.R. 2393 would let the President respond if Australia applies higher tariffs or greater non-tariff barriers to U.S. Wagyu beef than the United States applies to Australian Wagyu. The President could negotiate to reduce those barriers or impose a U.S. duty based on Australia’s tariff or the estimated effect of its non-tariff barriers. The bill also allows adjustments to the duty and requires it to end in specified circumstances. Although the bill’s findings call for a 70% tariff on Australian Wagyu meat, semen, and conventional embryos, the operative provisions do not set a fixed 70% tariff.
If the President acts under the bill, duties on Australian Wagyu imports could change. The bill does not specify how that would affect prices or individual consumers and producers.
No publicly available information.
The bill’s findings say Australian Wagyu has a competitive advantage over U.S. producers and that trade with Australia is not reciprocal. They state that a response is needed to create a more balanced market.
No publicly available information.