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Trump Accuses Foreign-Owned Meat Packers of Inflating US Beef Prices and Calls for Investigation

  • On Friday, President Donald Trump accused foreign-owned meat packers of driving up U.S. beef prices and asked the Department of Justice to open an investigation.
  • Drought and trade moves have contributed to rising beef costs as drought and the smallest U.S. herd in decades, plus tariffs on Brazil, have tightened supply, while last month Trump proposed buying Argentine beef, angering American cattle ranchers.
  • Despite lacking proof, President Donald Trump urged DOJ intervention, stating in a social media post that 'Action must be taken immediately to protect Consumers' against alleged Illegal Monopolies by Meat Packing Companies.
  • The move intensified bipartisan debate over food prices as Trump's accusations renewed a bipartisan presidential fight and highlighted Then-Vice President Kamala Harris's last year campaign vows to crack down on alleged price manipulation.
  • The development raises stakes for consumers and ranchers as tight herds and U.S. trade policy constrain beef supply, while a DOJ probe could escalate scrutiny of the meat industry.
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Forbes broke the news in United States on Friday, November 7, 2025.
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