US Edition‘Sold us out’: Farmers outraged at Trump’s Argentina beef deal
President Trump aims to reduce U.S. beef prices by quadrupling Argentine beef imports despite concerns from ranchers who say domestic supply is at historic lows.
- On Wednesday, the White House confirmed plans to quadruple the tariff-rate quota for beef imports from Argentina to increase market access and lower U.S. beef prices.
- Rising U.S. beef costs stem from a shrunken herd and drought, with U.S. cattle inventory at its lowest levels and the administration extending a $20 billion currency swap to Argentina.
- Experts caution that 'In fact, if the U.S. took all of the projected 2025 Argentine beef exports, if would represent less than 2.5 percent of total U.S. beef supply', and experts doubt it will significantly lower prices.
- American cattle ranchers and trade groups opposed the move, and markets saw cattle prices plunge, while the USDA outlined support including expanded grazing and disaster relief on Wednesday.
- Market-Structure note: four meatpacking firms control over 80% of U.S. beef processing, shaping prices, while La Nación reported the expanded Argentine beef quota could generate an extra $300 million.
12 Articles
12 Articles
Georgia Public Broadcasting
'A slap in the face': Ranchers feel betrayed by Trump's plan to buy Argentine beef
Over the past few days, cattle ranchers and agricultural groups have been sounding the alarm that a plan to import more foreign beef would hurt struggling ranchers.
derwesten.de
Trump wants to bring beef from Argentina to the USA. But the decision has consequences: US farmers feel betrayed.
Donald Trump, the self-proclaimed 'America First' president is about to make life cheaper for everyone who isn’t a U.S. farmer
President Donald Trump is facing serious backlash right now over the possibility of a beef trade deal with Argentina that’s meant to bring down prices at US grocery stores. Instead, it has American farmers feeling completely betrayed. He’s been publicly mulling over the idea of starting to import beef from Argentina, stating that even buying “not talking about that much” beef would “help Argentina, which we consider a very good country, a very g…
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