Trump signs proclamation to increase US imports of beef from Argentina
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Donald Trump signed a proclamation to increase US imports of Argentine beef, raising the tariff rate quota by 80,000 metric tons. The decision aims to address affordability concerns that contributed to Democratic electoral victories. US beef prices reached record highs due to strong demand and reduced cattle supplies caused by drought. The increased imports, specifically lean beef trimmings for hamburger meat, are intended to lower costs for consumers, though economists believe the impact on prices will be minimal. The move has faced opposition from US cattle ranchers and senators who advocate for supporting domestic production instead of relying on imports. The US imported 33,000 metric tons of Argentine beef in 2024, representing 2% of total imports.
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