Trump Announces Deal to ‘Substantially Lower the Price of Ground Beef’
President Donald Trump on Friday announced a deal aimed at lowering the price of ground beef for American shoppers by easing beef tariffs to import more from abroad. The post Trump Announces Deal to ‘Substantially Lower the Price of Ground Beef’ appeared first on The Gateway Pundit.
TL;DR
- President Trump announced a deal to lower ground beef prices by easing import tariffs.
- The deal allows for the import of 300,000 metric tons of ground beef without "out-of-quota tariffs."
- The imported beef is expected to be sold 25% below current market prices.
- This move aims to provide relief to consumers facing historically high beef prices.
- U.S. cattle producers and some Republican officials have voiced opposition, citing potential harm to American ranchers.
- Ground beef prices averaged $6.89 per pound in July, a 57% increase from five years prior.