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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Trump's meeting with 'billionaire beef bro' flagged by legal expert: 'The timing stinks'
Lawyer and journalist Katie Phang is questioning the timing of a private Oval Office meeting between President Donald Trump and a bribery-linked Brazilian billionaire.On August 20, Joesley Batista met with Trump, and the following day, the president announced the U.S. would allow up to 300,000 metric tons of imported beef product over the next 90 days, sold at 25 percent below market price, Phang explained in a Wednesday podcast episode. She not…
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.
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