BUENOS AIRES, Oct. 22 (UPI) -- President Donald Trump is considering an unusual move in his protectionist agenda: importing Argentine beef to help contain rising domestic prices. The proposal marks a shift from his usual policy of shielding U.S. producers through tariffs.
Beef prices in the United States have climbed by up to 16% this year, with ground beef seeing some of the steepest increases. The surge is driven by drought, the smallest U.S. cattle herd in more than 70 years and rising trade tariffs.
The proposal has raised concern among U.S. ranchers, who fear it could hurt their income.
Could Argentina help bring down prices in the United States? Experts in the South American nation say that's unlikely, citing limits in volume, quality and market structure.
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