Trump Lifts Tariffs on 300,000 Tons of Beef for 90 Days as Prices Stay Near Records
Updated
Updated · Mediaite · Aug 21
Trump Lifts Tariffs on 300,000 Tons of Beef for 90 Days as Prices Stay Near Records
2 articles · Updated · Mediaite · Aug 21
Summary
Up to 300,000 metric tons of beef for ground beef production will enter the U.S. without an out-of-quota tariff over the next 90 days under Trump’s new deal.
Trump said the imports should be sold at 25% below current market prices, framing the move as a way to lower grocery bills while U.S. ranchers rebuild depleted cattle supplies.
Beef costs have become a political pressure point before November’s midterms, with Republicans facing voter frustration over broader living costs including housing, healthcare and utilities.
July ground beef prices remained near record levels, and Bureau of Labor Statistics data cited in the report showed average beef prices at $7.116 a pound, up 9.4% from a year earlier.
The tariff relief follows earlier Trump efforts to boost supply through more imports from Argentina and moves to resume live cattle shipments from Mexico.