Latest news with #AmericanBeef
Reuters
13-05-2025
- Business
- Reuters
Britain's Tesco has no plans to source American beef
LONDON, May 13 (Reuters) - Tesco (TSCO.L), opens new tab, Britain's biggest supermarket group, has no plans to source American beef despite last week's U.S.-UK trade deal giving the product access to the UK market. The deal gave U.S. farmers a quota of 13,000 metric tonnes for beef which meets UK standards, with UK farmers having the same quota for sales into the United States. "We source 100% Irish and British beef in Tesco and for the foreseeable future that policy will be the same, we're not planning to change it," Tesco CEO Ken Murphy told Reuters on the sidelines of the World Retail Congress. As market leader, Tesco has a 28% share of Britain's grocery market. No. 2 player Sainsbury's (SBRY.L), opens new tab, which has 15% of the market, similarly sources all of its beef from Britain and Ireland. Last week, U.S. Secretary of Agriculture Brooke Rollins hailed American beef as "the safest, the best quality and the crown jewel of American agriculture" and predicted the trade deal would "exponentially increase" U.S. beef exports to Britain. However, with little difference between prices of British-produced beef and U.S. beef that does meet UK standards, the U.S. product could struggle to find a UK market.
Times
10-05-2025
- Business
- Times
Tough to swallow: British farmers' fears over US trade deal
Oliver Lee could not have asked for a better spring. The 43-year-old has spent the past month roaming the pastures of his 410-acre farm in south Leicestershire, helping birth calves and lambs. 'When the weather's as glorious as this, the British countryside looks its best this time of year,' Lee beamed. 'Some years it's hard work, with waterproofs and wellies, but recently it has been remarkable.' But soon he will have other things to worry about, as ministers wave through American beef to compete with his livestock. Last week, Britain became the first country to receive a reprieve from Donald Trump's trade war, triggered by his 'liberation day' tariffs on April 2, which sent shockwaves through markets and upended world trade. On Thursday, the
