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U.S. Already Faces Trade Imbalance with Argentina

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(NAFB.com) – In a misguided effort to lower beef prices in U.S. grocery stores, President Trump plans to increase the volume of beef imports from Argentina. The National Cattlemen’s Beef Association said efforts to manipulate markets only risk damaging the livelihoods of American producers while doing little to impact what consumers pay at the grocery store. “The U.S. already faces a deep trade imbalance with Argentina, and it will only be made worse by the President’s plan,” said NCBA CEO Colin Woodall. “During the past five years, Argentina has shipped more than $800 million worth of beef to the U.S., while purchasing only $7 million worth of U.S. beef.” As if that’s not enough, Argentina as a nation has a long history of foot-and-mouth disease outbreaks, and Woodall said USDA hasn’t completed the necessary steps to ensure Argentina can guarantee the safety of products being shipped here, further endangering America’s cattle herd.