Trump Announces 90-Day Ground Beef Import Quota Easing to Cut Prices

President Donald Trump announced on August 21 that the United States would allow up to 300,000 metric tons of product for ground beef to enter over 90 days without the higher out-of-quota tariff. Trump said he had secured a commitment for the imported beef to be sold at 25% below current market prices, but did not identify the supplying countries or parties making that commitment. A White House official said an executive order authorizing the change would follow within two weeks. Several Republican senators and cattle producers warned that a large short-term import increase could hurt U.S. ranchers.