Cattle Groups Warn Trump's Beef-Import Push Could Undercut U.S. Producers

1 min read
Source: Business Insider
Cattle Groups Warn Trump's Beef-Import Push Could Undercut U.S. Producers
Photo: Business Insider
TL;DR Summary

President Trump's plan to allow up to 300,000 metric tons of beef imports with no out-of-quota tariffs for 90 days drew sharp pushback from the National Cattlemen's Beef Association, which called the move political theater that could depress prices and hinder herd rebuilding. Other farm groups and ranchers warned the policy would undermine U.S. producers amid drought, rising costs, and a shrinking cattle inventory, undermining long-term market stability for a short-term pricing goal ahead of the midterm elections.

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