On Jan. 31, U.S. Secretary of Agriculture Sonny Perdue announced details of a key component of the Trump administration’s trade mitigation package designed to address the effects of retaliatory measures impacting exports of U.S. agricultural products. The Agricultural Trade Promotion Program (ATP) provides additional funding to help U.S. exporters develop new markets and help mitigate the adverse effects of other countries’ tariff and non-tariff barriers.
The U.S. Meat Export Federation (USMEF) is one of 57 organizations that will receive ATP funding through the USDA Foreign Agricultural Service (FAS). USMEF President and CEO Dan Halstrom issued the following statement:
USMEF appreciates the Trump administration’s recognition of the extremely competitive environment U.S. agricultural products face in the global marketplace, and how changes in trading partners’ tariff rates can put these products at a significant disadvantage. As authorized by FAS, this funding will help USMEF and other organizations defend existing market share and develop new destinations for U.S. agricultural products, which is especially important at a time when trade disputes and preferential trade agreements have further intensified competition in many key markets.