Trump allows 300,000 tons ground beef imports outside tariff quotas for 90 days

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U.S. President Donald Trump said on Friday he would allow up to 300,000 metric tons of ground beef to be imported without impacting tariff quotas as part of a 90-day deal aimed at lowering prices. Trump said he had a commitment that the meat would be sold at 25% below current market prices. He did not say which countries the beef was coming from or who had committed to the lower prices.
Key Facts
- The 90-day measure allows up to 300,000 metric tons of ground beef to be imported without triggering higher out-of-quota tariffs.
- Trump said he had a commitment that the beef would be sold at 25% below current market prices.
- Trump did not identify the countries supplying the beef or the companies that agreed to the below-market pricing.
- A White House official said Trump will formally sign an executive order within the next two weeks.
Import Quota Waiver
President Donald Trump announced on Friday that the United States will allow up to 300,000 metric tons of ground beef to be imported over 90 days without paying higher out-of-quota tariffs. The move is aimed at lowering prices for U.S. consumers struggling with grocery bills. Typically, a higher tariff rate kicks in on beef-exporting countries after the U.S. has imported a certain quantity of beef. Trump said the deal will give space for the U.S. beef herd to grow again.
Price Commitment
Trump stated on social media that he had a commitment that the beef would be sold at 25% below current market prices. He did not say which countries the beef was coming from or who had committed to the lower prices. When pressed for specifics, a White House official said Trump will formally sign an executive order within the next two weeks.