Sen. Marshall Statement on Vietnam Cutting Tariffs on Corn, Wheat
(Washington, D.C., November 16, 2021) U.S. Senator Roger Marshall, M.D. issued the following statement after Vietnam announced they will cut tariffs on corn, wheat, and pork.
“Reducing tariffs in Vietnam has been a priority for the agricultural industry for a long time. This is great news for Kansas farmers saddled with increasing input costs on fertilizer and crop protection products. We hope to hear more positive news about tariff reductions on distiller’s grains and ethanol for our biofuels industry soon,” said Senator Marshall.
According to USDA, “The tariff reductions for wheat and corn will enter into force when the decree takes effect on December 30, 2021, while the reduction for frozen pork will enter into force on July 1, 2022. The tariff reductions will give U.S. corn, wheat and pork producers greater access to the Vietnamese market, in line with competitors from countries that have free trade agreements with Vietnam. U.S. exports of corn, wheat and pork to Vietnam were valued at $228 million in 2020.”