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JBS co-owner lobbied Trump to lower beef import tariffs, WSJ reports
Trump approved a 90-day tariff waiver on up to 300,000 metric tons of lean beef trimmings after JBS’s owner pressed for more supply.
- On August 20, Brazilian billionaire Joesley Batista, an owner of JBS, met President Donald Trump in the Oval Office to discuss dropping a 26% import tax on Brazilian beef, The Wall Street Journal reported on Monday.
- President Trump's decision to temporarily ease beef tariffs addresses a sustained shortage, as the American cattle herd has contracted to its lowest point in 75 years due to drought and high feed costs.
- Under the 90-day tariff waiver, up to 300,000 metric tons of lean beef trimmings will enter tariff-free, representing roughly 2% of annual American beef consumption, potentially lowering prices by 25%.
- The National Cattlemen and the Beef Association warned the plan would damage producers, while Iowa Rep. Ashley Hinson called it a bad idea and Nebraska Sen. Pete Ricketts said short-term shifts do not equal long-term solutions.
- JBS, which previously gave $5 million toward Trump's inauguration festivities, has faced past corruption allegations; the company claims it has since implemented strong internal compliance measures.
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JBS co-owner lobbied Trump to lower beef import tariffs, WSJ reports
Brazilian billionaire Joesley Batista, one of the owners of meatpacker JBS , met U.S. President Donald Trump on August 20 to discuss how additional beef supply from Brazil could help tame U.S. beef prices if Trump dropped a 26% import tax, the Wall Street Journal reported on Monday, citing people familiar with the matter.
·London, United Kingdom
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Total News Sources8
Leaning Left0Leaning Right1Center7Last UpdatedBias Distribution88% Center
Bias Distribution
- 88% of the sources are Center
88% Center
C 88%
12%
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