AUSTRALIAN TARIFF RESOLUTION INTRODUCED BY REP. STUTZMAN
WASHINGTON, D.C. – Congressman Marlin Stutzman (IN-03) has introduced a new piece of legislation leading up to President Trump's much-anticipated "Liberation Day". The Protect American Beef Act will grant the President the authority to take actions as necessary, including placing a duty on imported Australian Wagyu beef, to establish a reciprocal trade agreement between the United States and Australia as it concerns beef products.
This legislation requires immediate consideration because:
- Under the current trade agreement between the U.S. and Australia, the Australian dollar is valued at approximately 35% less than the U.S. dollar. Therefore, Australia can export its Wagyu beef products to the U.S. at a 35% discount.
- Australia can export beef to the U.S. based on an annual quota of 680,000 metric tons annually of which 63,000 metric tons are Wagyu.
- This agreement does not allow the U.S. to export ANY beef products to Australia.
- From January 2024 to January 2025 Australian Wagyu exports captured 48% of the U.S. Wagyu market and 70% of the Wagyu food service (restaurant) market.
To level the playing field for American Wagyu farmers, Rep. Stutzman’s bill opens the door for the President to place a tariff of up to 70% on Wagyu meat, semen, and conventional embryos imported from Australia. This step is necessary to create a competitive balance in the two trade markets and fix the current one-sided status quo.
“Australians are taking advantage of the American Wagyu producer,” said Rep. Stutzman. “This legislation will even the trade landscape for hard-working cattle farmers in the U.S. It will also protect the integrity and quality of Wagyu beef imported from Australia as the country continually engages in corner-cutting production and commerce practices. American farmers are the most productive and efficient in the world. Passing this bill is key to supporting their continued success."
Contact: Ron Kovach – ron.kovach@mail.house.gov