Trump signs proclamation to pause some beef tariffs despite backlash from farmers, GOP
The White House says the 300,000-metric-ton quota will boost supply by about 10% and help ease record-high ground beef prices.
- On Friday, President Donald Trump announced a plan to waive tariffs on up to 300,000 metric tons of imported ground beef for 90 days, with the administration claiming the policy will lower grocery costs starting Tuesday.
- The proclamation follows rising food costs; ground beef averaged $6.85 per pound last month, while the United States cattle herd sits at its lowest level in 75 years, contributing to record-high beef prices nationwide.
- American Farm Bureau Federation President Zippy Duvall warned the plan could increase imports by 60% over 90 days, while National Cattlemen's Beef Association CEO Colin Woodall said the organization was "disappointed by the President's statement."
- Producers warn the temporary measure acts as a "Band-Aid" risking up to 25% drop in animal value; Todd Jackson of Clear Creek Gulf Cattle cautioned that lower retail prices could pressure the entire supply chain.
- Severe drought remains the primary constraint on herd expansion, as North Dakota rancher Travis Maddock stated there is appetite for growth but current weather conditions prevent producers from increasing stock.
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Argentina beef exports to US face test from Trump proposal - Regional Media News
By Kylie Madry Aug 28 (Reuters) - Argentina's booming beef exports to the United States could face a new test after Washington moved to widen tariff-free access for suppliers, potentially increasing competition from neighboring cattle powerhouse Brazil, according to a report on Friday. Argentina's beef [...]
Trump signs proclamation pausing beef tariffs on 300,000 metric tons of lean beef trimmings
SLAUGHTER — The Trump administration is allowing 300,000 metric tons of foreign beef into the country to bring down record prices for consumers.President Trump signed a proclamation that temporarily lowers tariffs on some foreign beef imports. The administration expects the beef to arrive in three 30-day shipments starting Sept. 1.Amelia Kent, co-owner and manager of Kent Farms LLC and vice president of the Louisiana Farm Bureau Federation, said…
Argentina beef exports to US face test from Trump proposal
By Kylie Madry Aug 28 (Reuters) - Argentina's booming beef exports to the United States could face a new test after Washington moved to widen tariff-free access for suppliers, potentially increasing competition from neighboring cattle powerhouse Braz...
Pause on ground tariffs is big news
The big news recently was President Donald Trump announced a pause on ground beef tariffs Aug. 21 in an attempt to lower prices for consumers. Trump posted on social media that the United States will allow up to 300,000 metric tons of beef to be imported over 90 days without triggering higher tariff rates. He said there is a commitment from certain companies that it will be sold 25% below current market prices as 1.1 tons equals a metric ton. Th…
Trump Wants to Import Cheaper Beef. Mississippi Republicans Say That Won’t Help Farmers.
Importing cheaper beef from other countries is not the right way to lower costs for Mississippi families, farmers and Republican lawmakers say as they voice their disappointment with President Donald Trump’s plan. The post Trump Wants to Import Cheaper Beef to Lower Prices. Mississippi Republicans Say That Won’t Help Farmers. appeared first on Mississippi Free Press.
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