Trump Waives Tariffs on 300,000 Metric Tons of Beef as Ranchers Challenge 25% Discount Plan
Updated
Updated · The South Dakota Standard · Aug 24
Trump Waives Tariffs on 300,000 Metric Tons of Beef as Ranchers Challenge 25% Discount Plan
3 articles · Updated · The South Dakota Standard · Aug 24
Summary
Trump last week approved a 90-day tariff pause on 300,000 metric tons of imported beef, saying it will cut ground-beef prices for working families.
The White House says the imports will be sold at 25% below current market prices, part of an effort to ease beef costs that have climbed to about $7 a pound.
U.S. cattle producers and some Republican lawmakers say the added imports will hurt domestic ranchers already facing weaker cattle markets and may do little to lower retail prices.
The move follows a short-term supply squeeze tied to a screwworm outbreak in Mexico and a Tyson plant closure, turning the tariff pause into a broader test of Trump's inflation-fighting strategy.