What's on the Trade Menu? Beef

When the United States and Argentina signed a bilateral trade deal in February, one part of the agreement turned heads: Washington would be quadrupling the amount of tariff-free beef it would allow to be imported from the South American country.

Historically, the United States, like countries across the world, limits the amount of beef it imports to help promote its domestic ranching industry.

But now, the United States and Europe are opening their markets, just as China, who became the largest consumer of South American beef in recent years, is imposing quotas on the product for the first time.

Argentine trade expert Francisco Resnicoff joins AS/COA Online’s Chase Harrison to talk all things beef. How will new trade pacts and quotas affect the beef market? And what do shifts in the beef industry mean for domestic politics in countries like Argentina?