America's largest association of cattle ranchers says Trump's plan to lower beef prices is 'undermining' farmers
The National Cattlemen's Beef Association is criticizing President Trump's plan to increase beef imports to lower consumer prices. The association argues the move is a short-term political tactic that undermines the stability and long-term planning of American ranchers.
Why it matters
It highlights the tension between short-term political efforts to curb inflation and the long-term economic interests of domestic agricultural producers.
President Donald Trump announced his initiative to lower beef prices in the US on Friday. Kent NISHIMURA / AFP Trump announced a plan to lower beef prices for Americans ahead of the midterm elections. His administration will allow up to 300,000 metric tons of beef to be imported into the US. The National Cattlemen's Beef Association said the decision "undermines American producers." America's largest trade association of cattle producers says President Donald Trump's plan to lower beef prices is political theater. The National Cattlemen's Beef Association, which represents more than 175,000 cattle producers and feeders, said on Friday that the strategy would do more harm than good for the industry. Earlier that day, Trump said the US would allow up to 300,000 metric tons of beef to be imported with no out-of-quota tariff over the next 90 days.
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