Trump to ease ground beef import quotas for 90 days
The move is meant to ease beef prices as the administration says the imports will help rebuild the U.S. herd.
- On Friday, President Donald Trump announced he had "concluded a deal" to import up to 300,000 metric tons of ground beef into the United States over a 90-day period to lower prices for American families.
- Trump cited soaring beef prices and the decline of the Great American Beef Herd under President Biden as primary reasons for the import plan, which he claims will help ranchers rebuild domestic stocks.
- Based on 4.4 billion pounds imported in 2025, the 300,000 metric tons would account for nearly 15% of U.S. beef imports, with Trump's "commitment" that beef will be sold at 25 percent below current market prices.
- DTN Livestock Analyst ShayLe Stewart noted markets reacted positively once industry experts reviewed Agriculture Secretary Brooke Rollins' plan to revitalize the beef herd, while Former President Richard Nixon issued a similar directive in 1972 amid rising meat prices.
- The United States currently utilizes a tariff-rate quota system for beef, with Australia, New Zealand, Argentina, and Uruguay holding specific country quotas while other eligible exporters compete within a pooled "Other Countries" quota.
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32 Articles
The cost of beef and veal has exploded in the United States, where the price of steak has increased by 15% over the past year. Up to 300,000 tonnes of ground beef products are to be imported without customs duties into the country over the next 90 days.
Trump to ease ground beef import quotas for 90 days - Regional Media News
WASHINGTON, Aug 21 (Reuters) - U.S. President Donald Trump said on Friday he would allow up to 300,000 metric tons of ground beef to be imported without impacting tariff quotas as part of a 90-day deal aimed at lowering prices as U.S. consumers struggle with grocery bills. Trump, in a social media post, said he had "a commitment" that the meat would be sold at 25% below current market prices. He did not say which countries the beef was coming fr…
US President Donald Trump announced on Friday that the United States will allow duty-free imports of up to 300,000 tonnes of ground beef over the next 90 days to help lower prices for US consumers ahead of the upcoming election.
The president of the United States communicated the measure in networks to lower the price of this product for the industry; the Argentine government seeks clarifications while the sector closely follows the impact on exports
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