Tag: International Trade

By Hagstrom Report | The Fence Post The United States is set to overtake China as Uruguay’s top market, fueled by firm demand and strong FOB (free on board) prices, while China’s dominance continues to erode after more than a decade at the top, the Agriculture Department’s Foreign Agricultural Service reported today. “The industry is also keeping a close watch on potential ripple effects from the U.S.-Brazil trade dispute,” FAS added. “In 1995, the United States allocated Uruguay a tariff rate quota of 20,000 tons product weight a year at a low tariff of $44 per ton. All exports outside the quota pay 26.4% tariff. The U.S. government recently increased Uruguay’s import duties 10 percentage points on all products, including beef. At the same time, the United States increased Brazil’s ...