Trump pitches 300,000-ton beef import boost to cut prices before midterms
TL;DR
President Trump said on Truth Social that the U.S. will import up to 300,000 metric tons of ground beef at about 25% below current market prices for 90 days to lower prices ahead of the midterm elections, with the White House saying talks are with foreign beef exporters and an executive order could follow; the move comes as beef prices have risen about 25% since he took office due to tariffs and supply-chain issues, drawing concern from ranchers over domestic beef production.
- Where’s the beef? Trump says he’s got ‘300,000 metric tons’ of it The Independent
- GOP backlash grows to Trump’s beef price intervention The Hill
- Trump waives ‘out-of-quota’ beef tariffs for 90 days to lower prices Al Jazeera
- Trump to allow import of 300,000 metric tons of ground beef without tariff CNBC
- NCBA Statement on President Trump’s Truth Social Post National Cattlemen's Beef Association
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Read on The Independent