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The president said up to 300,000 metric tons of ground beef will be imported with no out-of-quota tariff, to be sold at 25% below market prices
Chen Mengtong/China News Service/VCG via Getty Images
On Friday, President Donald Trump announced a 90-day window during which as many as 300,000 metric tons of ground beef could be imported outside of tariff-rate quotas, a move aimed at bringing down costs for American consumers.
Trump announced the move in a social media post Friday. "Today, I concluded a deal to substantially lower the price of ground beef for working American families," he said. The president said the imported beef would be sold at 25% below current market prices, but did not identify which countries the beef would come from or who had committed to that pricing. The White House did not respond to a request for comment, according to Bloomberg.
