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Trump signs executive order boosting Argentinian beef imports amid high prices
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.
The proclamation increases the in-quota tariff-rate quota for lean beef trimmings by 80,000 metric tons for calendar year 2026. The additional imports will be allocated entirely to Argentina and released in four quarterly tranches beginning Feb. 13.
The White House said the action is intended to boost supply and make ground beef more affordable for American consumers in a fact sheet on the order.
According to the proclamation, the Trump administration is acting in response to historically high beef prices and a prolonged decrease in the U.S. cattle herd.
US, ARGENTINA STRIKE SWEEPING TRADE DEAL CUTTING TARIFFS, OPENING MARKETS TO US EXPORTS

Packages of meat at a supermarket in Houston (Ronald Schemidt/AFP via Getty Images / Getty Images)
“Since January 2021, ground beef prices have continued to rise, reaching an average of $6.69 per pound in December 2025, according to the Bureau of Labor Statistics — the highest since the Department of Labor started tracking beef prices in the 1980s,” the proclamation states.
The announcement drew pushback from the nation’s largest cattle industry group, which questioned whether increased imports would deliver the price relief the administration is promising.
“While we fundamentally disagree with the premise that increased imports can lower beef prices, NCBA is encouraged to see the Trump administration take necessary steps to address longstanding market-access challenges for U.S. beef in Argentina,” said Kent Bacus, executive director of international trade and market access at the National Cattlemen’s Beef Association (NCBA).

Livestock in corrals in Canuelas, Buenos Aires, Argentina (Agustin Marcarian/Reuters / Reuters Photos)
Bacus warned that Argentina’s history with foreign animal diseases raises concerns about expanding imports without stronger safeguards.
“Given Argentina’s issues with foreign animal diseases, NCBA remains concerned that expanding imports from Argentina without increased inspection protocols and up-to-date audits could place American consumers and our cattle herd at unnecessary risk,” Bacus said.
The order applies only to lean beef trimmings, which are primarily used in the production of ground beef. Imported lean trimmings are commonly blended with fattier domestic trimmings to produce ground beef products like hamburgers.
Under the proclamation, the additional 80,000 metric tons will be administered on a first-come, first-served basis in four equal tranches of 20,000 metric tons. The first tranche will open Feb. 13 and close March 31, followed by quarterly openings through the end of 2026.
BEEF PRICES SOAR AS AMERICAN FAMILIES PAY STEEP PRICES FOR STEAKS AND BURGERS NATIONWIDE

A butcher carries slabs of beef in a Miami grocery store. (Joe Raedle/Getty Images / Getty Images)
The White House framed the action as temporary and tied to current supply conditions rather than a permanent shift in American trade policy.
The proclamation outlines several factors contributing to the tight beef supply, including persistent drought conditions in major cattle-producing states such as Texas and Kansas and wildfires that have damaged grazing land and feed supplies across the western U.S.
The Trump administration said the decision to allocate the entire increase to Argentina aligns with an existing U.S.–Argentina trade framework agreement reached in November 2025. A White House official told FOX Business earlier this week that the executive order implements commitments already considered under that framework.
The White House referred FOX Business to a fact sheet upon request for further comment.
FOX Business’ Edward Lawrence contributed to this reporting.
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Airport screenings resume at Asian airports following Nipah virus cases in India
Thermal screenings have been reinstated at airports in Indonesia and Asia following Nipah virus cases in India’s West Bengal, prompting quarantine measures. The WHO warns the virus’s high fatality rate (40-75%) with no current cure or vaccine. Experts note that border screenings may be ineffective due to the virus’s incubation period of up to 45 days.
Increased Airport Screenings and Concerns
Passengers arriving in Bali and other Asian countries are experiencing thermal screenings at airports again, a precautionary measure to detect the Nipah virus. This virus, carried by fruit bats and other animals, has recently prompted health alerts, especially after cases were confirmed in eastern India. Awareness of such zoonotic diseases has heightened post-pandemic, emphasizing the need for vigilance. The recent detection of two cases in West Bengal has led to quarantine measures, affecting nearly 200 people to prevent further transmission.
Dangers of the Neper Virus
The Nipah virus is highly dangerous with a high mortality rate, estimated between 40% to 75%, according to the World Health Organization. It has no current cure, vaccine, or specific treatment, making management challenging. The virus was first identified in Malaysia in 1998, with sporadic outbreaks mostly contained in Bangladesh. Its ability to spread between humans, combined with a long incubation period that can reach up to 45 days, complicates efforts to control outbreaks.
Ongoing Public Health Challenges
While the Nipah virus has not shown signs of becoming more transmissible or spreading widely, it remains a significant health threat. Experts warn that traditional airport screenings may not be entirely effective due to the lengthy incubation period, underscoring the importance of ongoing vigilance and research. Public health organizations continue to monitor the situation closely, emphasizing preventive measures and the importance of awareness to curb potential outbreaks.
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Europe’s STOXX 600 rebounds in broad based gains; Stellantis plunge drags auto stocks
The pan-European STOXX 600 was up 0.9% at 617.12 points, also bouncing back from a drop earlier in the session.
Stellantis tanked 25.2%, its biggest single-day drop on record and sent the broader auto sector index down 3%.
The Franco-Italian company booked charges of around 22.2 billion euros ($26.5 billion) in the second half of last year as it scaled down electric-vehicle development plans.
Meanwhile, defence stocks were among top gainers with a 1.6% rise.
Norway’s Kongsberg jumped 15.6% after reporting a bigger-than-expected rise in operating profit for the fourth quarter. It also won a $165 million order from Germany and Sweden for remote weapon stations.
The STOXX 600 closed the week with a 1% gain, as markets navigated ups and downs driven by the corporate updates and the European Central Bank’s interest rate decision. A surprising sell-off in technology and media stocks also weighed on sentiment earlier this week. Global investors have been weighing the repercussions of newer artificial intelligence tools that are likely to intensify competition for traditional software businesses.
On the other hand, AI majors such as U.S.-based Amazon.com and Alphabet have unveiled plans to boost their spending on the technology that analysts say could benefit hardware makers.
“In the U.S., they are seeing a dislocation between software and hardware, driven by an AI theme that is boosting demand for memory, while creating challenges for software companies, and that’s the dislocation currently being priced by the market,” said Sophie Huynh, portfolio manager & strategist at BNP Paribas Asset Management, adding that much of this uncertainty was spilling over to the rest of the world.
Tech and media stocks gained 1.2% and 0.5%, respectively, on the day, but both have been the biggest laggards on the benchmark index this week. The tech sector posted its biggest weekly drop in 11 weeks.
Banks, which had rallied for much of last year, were up 1.4% on the day.
Societe Generale edged 2.2% lower after the French lender reported a sharp drop in investment banking trading revenue that underperformed rivals and overshadowed an overall forecast-beating fourth quarter.
Among individual movers, weight-loss drugmaker Novo Nordisk gained 5.3% after the U.S. Food and Drug Administration threatened action on “illegal copycat drugs”.
Norwegian telecom operator Telenor climbed 7.2% after reporting fourth-quarter earnings above analysts’ expectations.
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Apple Is Reportedly Working on CarPlay Support for ChatGPT, Claude, and Gemini

Apple is reportedly working on allowing AI chatbots like ChatGPT, Claude, and Gemini in its CarPlay system.
Should this become a reality, what happens to Siri?
Apple Reportedly Works on AI Chatbot Integration
According to Bloomberg’s Mark Gurman, the support for third-party AI apps is expected to arrive in the coming months.
The support will reportedly allow CarPlay users to ask these AI apps questions hands-free. However, it should be noted that users may need to open an app in order to access their preferred chatbot.
MacRumors notes in its report that app developers will be given the opportunity to design in-car experiences that will be the ones to launch the voice-based chat mode upon opening of the app.
What Happens to Siri?
There’s no need to worry about Siri as this change is not meant to replace the AI assistant.
The support for third-party AI chatbots will have limitations. MacRumors reports that the support will not have a wake word, which makes opening the app of their chosen AI chatbot necessary in order to use the function.
As of press time, Apple has not confirmed if it is indeed working on support for third-party AI chatbots in CarPlay.
However, Apple Insider points out that the slow rollout of the new Siri may have been a contributing factor to the reported decision to provide support for such apps.
Originally published on Tech Times
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