Trump Boosts Beef Imports Amid Price Rise
President Donald Trump issued a decree to temporarily increase beef imports in order to address the soaring meat prices, which have become unreasonably high for American consumers. This move allows for the import of an additional 300,000 tons of meat without customs duties. The timing comes amid a U.S. market already suffering from rising prices, with the price of unprocessed beef reaching approximately $11.50 per pound—a level not seen in over ten years—due to decreased cattle supplies caused by droughts, wildfires, and a decline in cattle numbers to the lowest point in 75 years. Despite this, the measure faced opposition from farmer and rancher groups, as well as concerns among some Republicans about its impact on domestic production. Meanwhile, an agreement with foreign exporters aims to supply meat at prices 25% lower than the local market. Globally, meat prices have increased, driven by higher demand from China and the United States, with the meat price index reaching its highest level in two years.
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