Trump unlocks beef tariff relief to curb prices before the midterms

1 min read
Source: Politico
TL;DR Summary

President Trump said he will exempt 300,000 metric tons of imported ground beef from tariffs to lower prices ahead of the midterms, claiming the move will reduce costs and help the U.S. beef herd grow, with the beef reportedly to be sold about 25% below current market prices. An executive order implementing the plan is expected within two weeks, but ranchers oppose measures that flood the market with imports and voters continue to blame rising living costs for political fallout.

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