A cow stands during the first day of the "Great American State Fair" on the National Mall on June 25 in Washington, D.C. On Friday, President Donald Trump announced he would waive some tariffs on imported beef. File Photo by Bonnie Cash/UPI | License Photo
Aug. 21 (UPI) -- President Donald Trump announced Friday that he will waive tariffs on up to 300,000 metric tons of beef imported into the United States to ease rising costs.
That amounts to about 661,386,787 pounds of product that will be made into ground beef.
"Today, I concluded a deal to substantially lower the price of ground beef for working American families," he posted on Truth Social. "As we work to rebuild this herd and help our ranchers, for the next 90 days, the United States will allow up to 300,000 metric tons of product for ground beef to be imported with no out-of-quota tariff. We have a commitment that this beef will be sold at 25% below current market prices. This deal will reduce prices for Americans while giving space for our Great American Beef Herd to grow again."
Trump did not say which companies made the commitments to keep the prices lower, and he didn't say from where the beef will be imported.
