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Trump Cuts Tariffs on Ground Beef Products to Lower Prices
The White House said the temporary quota covers 300,000 metric tons and could be cut back if imported beef is not sold 25% below market prices.
- On Wednesday, President Donald Trump formally increased the foreign beef import quota by 300,000 metric tons, aiming to lower elevated ground beef prices for American consumers amid declining domestic production.
- The U.S. cattle herd has fallen to its lowest level in 75 years, prompting the USDA to forecast a 4% decline in domestic production this year while ground beef prices have climbed 24% since January.
- Released in three 100,000 metric-ton tranches beginning Sept. 1, the temporary increase applies to lean beef trimmings. The White House directed officials to monitor whether the beef is sold at prices 25% below current market rates.
- Republican lawmakers and American ranchers criticized the plan, warning it undercuts domestic competitiveness. Neither Trump nor his officials have identified the supplying countries, drawing skepticism about the 25 percent discount.
- Tariffs will be waived on these imports through Nov. 30, a 90-day reprieve intended to ease grocery costs. Imports currently meet around 20 percent of U.S. demand, with Brazil serving as the top foreign supplier.
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Letter to the editor: Where’s the beef (coming from?)
Trump announced recently that up to 300,000 metric tons of beef used for ground beef will enter the U.S. without triggering higher, out-of-quota tariffs over the next 90 days. Trump stated the imported meat would be sold 25% below market…
·Missoula, United States
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The volume will be reserved for the quota of “other countries or areas”, so Argentina, which has its own share of 100,000 tons, will not be able to participate. Donald Trump's measure seeks to increase the supply of beef and reduce the price of minced meat on the US market.
·Buenos Aires, Argentina
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Total News Sources32
Leaning Left4Leaning Right6Center4Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 28%
R 43%
Factuality
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