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The Negative Impact Of Tariffs On US

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When I was a kid, I remember living on a ranch and seeing cattle every morning I woke up going to the bus stop. I remember asking myself, “What happens to the cattle when they are loaded on to the trailers’. Once I got older, I learned that the cattle were transported to be slaughtered and after that they are shipped. The beef is shipped not only in the United States but also to foreign countries like Japan. The exportation of beef to Japan will now be brought to a slight fault due to Japan Financial Ministry making a decision to increase tariffs on US beef. The tariff has increased from 38.5% to 50%. While it may not seem like a drastic change, it is impacting six major states that make up one third of the US beef exports. A tariff is a tax on imports or exports between sovereign states. Example, Company XYZ produces cheese in the United States and exports the frozen beef, which costs $100 …show more content…

Along with the increase in tariffs, Japan made an agreement with Trump requires that all beef be free of growth hormones and additives. Tariffs are a . Tariffs on frozen beef will jump to 50 percent from the current 38.5 percent between Aug. 1 and the end of March of next year. Last time any tariff was increased was on chilled beef in August 2003. The increase threatens a significant sector of United States' access to the biggest Asian market for U.S. beef overall. “April-June, Japan's first fiscal quarter, frozen beef imports from all nations totaled 89,253 tons, up 17.1 percent from a year ago, and imports from non-EPA nations reached 37,823 tons, up nearly 25 percent, government data showed.”(Reuters, 2017) “Nations that have EPAs with Japan, such as Australia, Mexico and Chile, will be excluded from the hike in tariffs.”(Reuters,

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