HR 2393

The Protect American Beef Act aims to level the playing field for U.S. Wagyu beef producers by addressing what the bill’s sponsors view as an unfair competitive advantage held by Australia. Specifically, the bill would allow the President to negotiate a reciprocal trade agreement with Australia regarding Wagyu beef and, if necessary, impose a 70% tariff on imported Australian Wagyu meat, semen, and embryos. This action would be taken if Australia’s tariffs or other trade barriers are significantly higher than those imposed by the United States, effectively countering Australia’s 35% discount due to currency exchange rates.