Trump Administration Increases Argentinian Beef Import Quota
The Trump administration is increasing the Argentinian beef import quota to 80,000 metric tons to reduce consumer prices and support American farmers. This initiative comes alongside a plan to expand domestic cattle herds, aiming to balance affordable beef prices with protection for American ranchers.
The Trump administration has announced a significant increase in the tariff rate quota on Argentinian beef, pushing the limit to 80,000 metric tons. This move aims to make beef more affordable for U.S. consumers while safeguarding the interests of American farmers, a White House official revealed on Thursday.
In a related development, the U.S. Department of Agriculture introduced a fresh strategy to encourage the growth of domestic cattle herds. This initiative follows President Trump's commitment to lower beef prices across the nation, as stated last Friday. In support of this agenda, White House spokeswoman Anna Kelly emphasized Trump's promise to protect rancher livelihoods and provide economic relief to everyday Americans.
The dual approach involves increasing beef imports from Argentina to immediately bring down consumer prices while simultaneously implementing measures to support American cattle ranchers in the long term, Kelly outlined.
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