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More Argentina beef imports won't do much to ease costs for consumers, according to experts
President Trump's move to boost U.S. imports of beef from Argentina to help ease costs for consumers may have less impact than the White House is hoping for, experts said.
The executive order, which Mr. Trump signed on Friday amid a new trade deal between the two countries, allows Argentina to export an additional 80,000 metric tons of beef to the U.S. tariff-free this year, according to the Trump administration. The directive applies to imports of lean beef trimmings, which are used to produce ground beef.
"As President of the United States, I have a responsibility to ensure that hardworking Americans can afford to feed themselves and their families," Mr. Trump said in the order.
Ranchers dispute price claims after Trump expands Argentine beef imports in executive order
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R-CALF USA CEO Bill Bullard weighs in on President Donald Trump’s new farm aid announcement, what it means for the industry and the widening spread between beef and cattle prices on 'Making Money.'
President Donald Trump on Friday signed an executive order temporarily expanding the amount of beef the U.S. can import from Argentina, a move the White House says is aimed at lowering prices but that the nation’s largest cattle industry group disputes.
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