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Trump’s Cheap Beef Plan Angers Ranchers Already Hurt by Tariffs

Trump will allow up to 300,000 metric tons of tariff-free ground beef imports over 90 days, as GOP ranch-state lawmakers warn it could hurt domestic producers.

  • On Friday, President Donald Trump announced the U.S. will allow up to 300,000 metric tons of ground beef to enter tariff-free over the next 90 days on Truth Social, aiming to lower consumer prices.
  • The U.S. cattle herd has fallen to its lowest level in 75 years, while beef prices have steadily increased since the pandemic, reaching $6.89 per pound last month according to the Federal Reserve Bank of St. Louis.
  • Research from the USDA suggests that four major companies buy about 85% of U.S. steers and heifers, with limited processing capacity potentially driving down prices ranchers receive for cattle.
  • Republican lawmakers including Sen. Mike Rounds, R-S.D., and Rep. Kat Cammack, R-Fla., criticized the plan as a "quick fix" that undercuts domestic producers and fails to address long-term supply challenges.
  • Virginia Farm Bureau President Scott Sink warned that greater reliance on imports does not strengthen the domestic industry, while Nebraska Cattlemen president Craig Uden said producers are "trying their darndest" to increase production.
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Fortune broke the news in New York, United States on Friday, August 21, 2026.
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