Outlook Bleak for Post-election Meat Exports

In News, Processing by Heather Brown0 Comments

According to Meatingplace, the election of Donald J. Trump as President Tuesday throws American meat exports, and even the intact survival of the U.S. meat processing industry, into jeopardy.

Trump has said he will scrap multinational agreements such as the Transatlantic Trade Partnership (TPP) or the Transatlantic Trade and Investment Partnership (TTIP). While neither major party candidate was in favor of these agreements, they have already been signed and are awaiting ratification by all participating countries.

Meat leaders have said they will lobby hard for passage of TPP before Obama leaves office. At this point, the solution to excess product appears to be global trade. Trump has said he will seek to negotiate unilateral agreements, but industry leaders fear that the U.S. will sacrifice market share in the meantime, making it more difficult for American meat to compete globally and to thrive at home.

Read more at Meatingplace

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