Trump Waives Ground Beef Tariffs for 90 Days as U.S. Herd Hits 75-Year Low
Updated
Updated · Fox Business · Sep 1
Trump Waives Ground Beef Tariffs for 90 Days as U.S. Herd Hits 75-Year Low
3 articles · Updated · Fox Business · Sep 1
Summary
A 90-day waiver on tariffs for imported ground beef was announced Friday as the White House tries to cut beef prices and help rebuild the U.S. cattle herd.
A 75-year low in the national herd has tightened domestic supply, while producers and lawmakers say a meatpacking bottleneck leaves grocery prices high even as cattle prices stay relatively low.
Thomas Massie said four major processors dominate the market and urged the Senate to add the PRIME Act to the farm bill, letting states permit more in-state sales from small processors.
Missouri farmer Andy Kapp warned more imports could discourage ranchers from rebuilding herds, and said any added foreign beef should carry country-of-origin labels.
The tariff move follows broader tariff-free import steps taking effect Sept. 1, which the administration says could lower beef prices by 25% but have already drawn pushback from U.S. producers.