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Trump lowers tariffs on ground beef
U.S. President Donald Trump announced a temporary permit to import larger quantities of foreign beef for ninety days in an effort to reduce costs for American consumers. This move comes amid a decline in cattle numbers, which have reached their lowest levels in fifty years due to drought and international competition, resulting in rising beef prices. The United States will allow the import of up to 300,000 metric tons of minced beef without customs duties outside of quotas, with a commitment to sell it at prices at least 25% lower than the market rate. This measure is part of the U.S. government's efforts to address the rising cost of meat, which has become a symbol of the high cost of living in the country, especially with the upcoming midterm elections.
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