Trump Takes Aim at Soaring Beef Prices With New | Political News
President Donald Trump had already been attempting to decrease the costs of beef with some imports, and he just made another important announcement on Truth Social about a deal he is made.
TRUMP JUST CUT A DEAL ON GROUND BEEF.
For the next 90 days, the U.S. will enable up to 300,000 metric tons of ground beef in with no out-of-quota tariff.
That beef shall be bought at 25% below current market costs.
This does two issues at once:
– Lowers the price at the grocery… pic.twitter.com/lR93t6657i
— Gunther Eagleman™ (@GuntherEagleman) August 21, 2026
Today, I concluded a deal to considerably decrease the price of ground beef for working American households. As everybody is aware of, under President Biden, beef costs soared at their quickest charge and the American beef herd fell to its smallest measurement in fashionable historical past. As we work to rebuild this herd and help our ranchers, for the next 90 days, the United States will enable up to 300,000 metric tons of product for ground beef to be imported with no out of quota tariff. We have a dedication that this beef shall be bought at 25 % below current market costs. This deal will scale back costs for Americans while giving space for our Great American Beef Herd to grow again.
READ MORE: Why More Cows Mean Less Carbon: The Rinderpest Lesson
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As of last month, ground beef value an average of $6.89 per pound, which is up 57 % from 5 years in the past. Beef costs in the U.S. have been rising for years, due to the shrinking cattle herd.
So this would help to increase the availability and decrease the price. But Trump also desires to do it in a restricted fashion so as not to affect the American cattle ranchers; that’s why it is a restricted provide for a short period.
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