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Trump to temporarily lower beef tariffs, angering U.S. cattle producers
๐Ÿ‡จ๐Ÿ‡ฆ Canada /Economy & Trade

Trump to temporarily lower beef tariffs, angering U.S. cattle producers

From Global News · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • President Trump plans to temporarily reduce beef tariffs by expanding import quotas to lower prices for consumers.
  • U.S. cattle producers and industry groups criticize the move, warning it will harm herd rebuilding efforts and markets.
  • The decision comes amid high food prices and ahead of midterm elections, with economists questioning its impact on overall prices.

President Donald Trump announced plans to temporarily lower beef tariffs, aiming to ease grocery costs for consumers struggling with high prices. The White House stated Trump will sign an executive order within two weeks to expand the quota for ground beef imports at reduced tariffs by 300,000 metric tons for 90 days.

This deal will reduce prices for Americans while giving space for our Great American Beef Herd to grow again.

โ€” Donald TrumpPresident Trump's justification for temporarily lowering beef tariffs.

Trump asserted the measure would "reduce prices for Americans while giving space for our Great American Beef Herd to grow again." However, the move immediately drew sharp criticism from U.S. cattle producers. The National Cattlemenโ€™s Beef Association, a major lobbying group, warned that flooding the market with subsidized beef would undermine efforts to rebuild the American cattle herd. Colin Woodall, the association's CEO, stated, "While Americaโ€™s cattle producers share the goal of keeping groceries affordable for consumers, flooding the market with government-subsidized, below-market beef is not the way to rebuild the American cattle herd."

Justin Tupper, President of the United States Cattlemenโ€™s Association, echoed these concerns, saying, "You donโ€™t put America first by putting U.S. cattle producers last. This move will weaken our markets and gamble with food safety in the process." Social media reflected this sentiment, with one rancher posting, "Betrayal."

While Americaโ€™s cattle producers share the goal of keeping groceries affordable for consumers, flooding the market with government-subsidized, below-market beef is not the way to rebuild the American cattle herd.

โ€” Colin WoodallCEO of the National Cattlemenโ€™s Beef Association, criticizing the tariff reduction plan.

The decision arrives as persistently high food prices have become a critical issue for voters ahead of the November midterm elections. Beef prices have remained near record highs, exacerbated by historically low cattle inventories. Ranchers had previously reduced herds due to prolonged drought impacting grazing lands and increasing feed costs. Concerns over food safety also led to a suspension of Mexican cattle imports last year. Economists and traders have expressed skepticism about the plan's ability to significantly lower prices, with cattle futures on the Chicago Mercantile Exchange dropping to eight-month lows following the announcement.

You donโ€™t put America first by putting U.S. cattle producers last. This move will weaken our markets and gamble with food safety in the process.

โ€” Justin TupperPresident of the United States Cattlemenโ€™s Association, expressing concern over the impact on U.S. producers.
DistantNews Editorial

Originally published by Global News. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.