Trump announces 90-day plan for up to 300,000 metric tons of ground-beef imports and says prices will be 25% below market
Trump announced a 90-day arrangement allowing up to 300,000 metric tons of ground beef to be imported as part of an effort to lower grocery prices. He also said he had a commitment that the imported meat would be sold at prices 25% below current market levels. Reuters reported that the White House had not yet provided the source countries, counterparties or detailed implementation terms. AP additionally reported immediate opposition from cattle groups and Republican lawmakers, while agricultural economists questioned whether an import volume equal to roughly 3% of annual U.S. beef consumption would materially lower retail prices. The import plan is documented; the promised 25%-below-market pricing and consumer-price effect remain unverified at launch.
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