Tariffs: The beef over beef imports
Trump angers American ranchers with his latest move
GOP lawmakers and cattle ranchers were ringing “alarm bells” last week over President Trump’s decision to temporarily lower tariffs on ground beef, said Mallory Wilson in The Hill. To curb soaring beef prices—which have been pushed up by drought, rising input costs, and shrinking herds—Trump declared that he would let up to 300,000 metric tons of foreign ground beef into the U.S. with “no out-of-quota tariff.” He claimed the meat would be sold at 25% below the current market rate of $6.89 a pound, but offered no details on how the plan would work or which countries would participate. Sen. Tim Sheehy (R-Mont.) warned that the import of cheap foreign meat will only hurt American ranchers, “most of whom are MAGA Republicans.” Meriwether Farms, a farm-to-table operation in Wyoming, called the president’s actions a “betrayal.”
This is a purely political play by Trump, said The Wall Street Journal in an editorial. “He knows he and Republicans are being blamed” for higher prices, and it’s no coincidence that his 90-day tariff reprieve “covers the three months through the November midterm elections.” But these welcome concessions to consumers are also an admission that his tariff strategy has “failed economically and politically.” Trump may love the political leverage tariffs provide, but “he and his party may pay a price this November for raising prices” for millions of consumers.
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