Summary of Bill HR 2393
Bill 119 hr 2393, also known as the Australian Wagyu Beef Duty Act, aims to impose a duty on imported Australian Wagyu beef in order to protect American farmers and promote fair trade practices. The bill also seeks to establish a reciprocal trade agreement between the United States and Australia specifically regarding wagyu beef.
The main purpose of this legislation is to address concerns about the impact of imported Australian Wagyu beef on the American beef industry. By imposing a duty on these imports, the bill aims to level the playing field for American farmers and ensure that they are not unfairly disadvantaged by foreign competition.
Additionally, the establishment of a reciprocal trade agreement between the US and Australia regarding wagyu beef is intended to promote fair and mutually beneficial trade practices between the two countries. This agreement would outline the terms and conditions for the import and export of wagyu beef, ensuring that both countries benefit from the trade relationship.
Overall, Bill 119 hr 2393 seeks to protect American farmers, promote fair trade practices, and establish a mutually beneficial trade agreement with Australia specifically regarding wagyu beef.