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Trump says he signed proclamation to address ‘unreasonably’ high beef prices

Drought and wildfires have pushed cattle supplies to a 75-year low

President Donald Trump signed a proclamation on Wednesday, August 26th, to temporarily raise the quantity of imported lean beef trimmings in an effort to combat "unreasonably" high beef prices for American consumers. The proclamation, released by the White House, highlighted the impact of drought and wildfires on cattle supplies, which have reached a 75-year low.

The American Farm Bureau Federation, the country's premier farm lobby, responded negatively, claiming that the move to lower tariffs would "undermine America's ranchers." Trump had previously hinted at this action, which met with strong opposition from US farm and ranch groups. The increase in imported trimmings is expected to be 300,000 metric tons, with no above-quota tariff.

The proclamation also noted the commencement of a phased reopening of certain livestock ports along the southern US border due to the ongoing drought and wildfires.

Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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