Trump reaches deal to halt tariffs on beef for 90 days in bid to lower prices
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Summary
"We have a commitment that this beef will be sold at 25 percent below current market prices," the president wrote. Mr. Trump said on Truth Social that the U.S. will allow up to 300,000 metric tons of ground beef into the country for the next 90 days with "no out-of-quota tariff." That puts a pause on higher tariffs, which are triggered when trade volume surpasses a certain quota, according to the World Trade Organization. In May, 15 per cent more had to be paid than the previous year to buy a steak, according to official inflation figures.
Furthermore, Mexico exported just over a million cattle heads to the United States in 2024, according to estimates from both governments. At the same time, Trump has accused his predecessor in office, Joe Biden, of allowing the "dizzy" increase in the price of meat and a reduction in the number of cattle in the United States. "This agreement will reduce prices for Americans and at the same time allow our large American livestock population to grow again," he concluded.
Cross-referenced from 7 sources across 4 countries and 3 languages.
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"We have a commitment that this beef will be sold at 25 percent below current market prices," the president wrote.
according to CBS News — LatestMr. Trump said on Truth Social that the U.S. will allow up to 300,000 metric tons of ground beef into the country for the next 90 days with "no out-of-quota tariff." That puts a pause on higher tariffs, which are triggered when trade volume surpasses a certain quota, according to the World Trade Organization.
according to CBS News — LatestIn May, 15 per cent more had to be paid than the previous year to buy a steak, according to official inflation figures.
according to La República (CO)Mexico exported just over a million cattle heads to the United States in 2024, according to estimates from both governments.
according to La República (CO)At the same time, Trump has accused his predecessor in office, Joe Biden, of allowing the "dizzy" increase in the price of meat and a reduction in the number of cattle in the United States.
according to The Objective"This agreement will reduce prices for Americans and at the same time allow our large American livestock population to grow again," he concluded.
according to The Objective
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Trump stated this Friday that it would allow the import of up to 300,000 metric tons of minced meat "without tariffs to exceed the..
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