Trump Unveils Plan to Lower Beef Prices. Ranchers say it could Backfire

President Donald Trump said Friday that he would allow up to 300,000 metric tons of ground beef to be imported into the United States tariff-free for the next 90 days, with a commitment that the meat would be sold at 25% below current market prices.

The announcement immediately drew backlash from cattle industry groups and several Republican senators who warned that increasing imports could hurt American ranchers.

In a Truth Social post announcing the plan, Trump said it would “substantially lower” the price of ground beef for American families, arguing that prices had soared under the Biden administration as the domestic cattle supply had shrunk.

“As we work to rebuild this herd and help our ranchers, for the next 90 days, the United States will allow up to 300,000 metric tons of product for ground beef to be imported with no out of quota tariff,” Trump wrote.

“We have a commitment that this beef will be sold at 25 percent below current market prices,” he continued. “This deal will reduce prices for Americans while giving space for our Great American Beef Herd to grow again.” (Read more from “Trump Unveils Plan to Lower Beef Prices. Ranchers say it could Backfire” HERE)