US President Donald Trump announced on Truth Social that the United States will import 300,000 metric tonnes of ground beef products duty-free outside quota, to help Americans consume cheaper beef. The imported beef will be sold at prices up to 25% below current market prices. Trump said the deal will help lower beef prices for working American families, while giving America's cattle herd a chance to expand again, after beef prices surged rapidly and cattle numbers fell to their lowest level in modern history during the Biden administration.
Duty-free imports of 300,000 tonnes of ground beef increase supply, pressuring live cattle futures.
