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Trump allows tariff-free ground beef imports to lower prices for Americans

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Trump allows tariff-free ground beef imports to lower prices for Americans

President Donald Trump said Friday that he would allow up to 300,000 metric tons of ground beef to be imported into the United States tariff-free for the next 90 days, with a commitment that the meat would be sold at 25% below current market prices.

The announcement immediately drew backlash from cattle industry groups and several Republican senators who warned that increasing imports could hurt American ranchers.

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In a Truth Social post announcing the plan, Trump said it would “substantially lower” the price of ground beef for American families, arguing that prices had soared under the Biden administration as the domestic cattle supply had shrunk.

“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,” Trump wrote.

A HISTORIC SHORTAGE IS SQUEEZING AN AMERICAN DINNER STAPLE, AND RELIEF COULD BE YEARS AWAY

US President Donald Trump signs an executive order

President Donald Trump announced a plan to allow up to 300,000 metric tons of ground beef to be imported tariff-free for 90 days in an effort to lower prices for American consumers. (Bonnie Cash/UPI/Bloomberg/Getty Images / Getty Images)

“We have a commitment that this beef will be sold at 25 percent below current market prices,” he continued. “This deal will reduce prices for Americans while giving space for our Great American Beef Herd to grow again.”

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After Trump’s announcement, the National Cattlemen’s Beef Association said it was “disappointed” by the plan, arguing that introducing below-market beef could negatively affect American cattle producers.

Speaking with FOX Business’ Nicole McManus, National Cattlemen’s Beef Association CEO Colin Woodall urged the federal government not to interfere with the cattle industry.

“The best thing is to stay out of our business. That’s what we want, first and foremost,” Woodall said. “Let us work the way we do as producers to take care of our cattle, to take of our natural resources and to be able to grow.”

TRUMP PAUSES 50% TARIFFS ON CANADA HOURS BEFORE DEADLINE AFTER ANNOUNCING POTENTIAL DEAL

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A rancher looks at cattle through a window.

The U.S. cattle herd has fallen to its lowest level in 75 years. (Jonne Roriz/Bloomberg/Getty Images / Getty Images)

Woodall sharply criticized Trump’s plan, arguing the president was overlooking strong consumer demand for U.S. beef.

“This is the third time in less than a year that the president has made a similar announcement about increasing imports in order to decrease the price of beef,” Woodall said.

“And, once again, he’s missing the point,” Woodall continued. “He’s missing the picture, and he’s definitely lost the plot line. This is about demand. The consumer demands our product. The customer loves what we’re producing. 

“We’re producing the highest quality beef we ever have, and they have shown their willingness to pay for it. The American consumer does not have to buy beef. They want to buy beef and, unfortunately, the president is just not factoring that into his consideration.”

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The American Farm Bureau Federation also responded to Trump’s announcement, warning that “short-term measures could have long-term negative effects” for consumers and ranchers.

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walmart customer shopping for beef

President Donald Trump said imported ground beef under his new plan would be sold at 25% below current market prices. (Bob Riha, Jr./Getty Images / Getty Images)

U.S. Cattlemen’s Association President Justin Tupper also criticized the plan.

“You don’t put America first by putting U.S. cattle producers last,” Tupper said in a statement. “This move will weaken our markets and gamble with food safety in the process.”

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Several Republicans on Capitol Hill also pushed back, including Sen. Tim Sheehy, R-Mont., who said he had advised Trump against the move and warned it could hurt ranching families.

“The President’s heart is in the right place on wanting lower prices for the American people, and beef prices have been impacted by the Mexican screwworm,” Sheehy posted on X.

FORD’S US MANUFACTURING EXPANSION TO BRING ‘THOUSANDS AND THOUSANDS OF JOBS,’ LUTNICK SAYS

Herd of beef cattle grazing on open grassland.

America’s ranchers are facing the smallest domestic cattle herd in 75 years as consumers contend with elevated beef prices. (Angela Piazza/The Dallas Morning News / Getty Images)

“But the reality is this action will make it more difficult for American ranchers to rebuild our herd and bring prices down for the American people. And most importantly, this will harm our ranching families who feed the nation.”

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Trump responded to the criticism while speaking to reporters Friday.

“I love the ranchers; they’ve done a fantastic job,” Trump said. “But they admit that we need a little help, and, in order to get the prices down, so that’s what we’re doing.”

Trump did not specify which countries would supply the beef, telling reporters only that “there are a few” and that they would send the “highest quality beef.”

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The announcement comes as U.S. ranchers face the smallest domestic cattle herd in 75 years and Tyson Foods announced last week that it would close beef facilities in Illinois and Utah.

FOX Business has reached out to the White House for additional comment.

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Texas Roadhouse CEO Gerald Morgan sells $3.03m in TXRH stock

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Texas Roadhouse CEO Gerald Morgan sells $3.03m in TXRH stock

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Can Skyways Air Services IPO deliver long-term growth for high-risk investors?

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Can Skyways Air Services IPO deliver long-term growth for high-risk investors?
ET Intelligence Group: Skyways Air Services, a logistics company, plans to raise ₹399 crore through a fresh issue to repay debt and fund working capital requirements. It will also raise ₹184 crore through an offer for sale. The promoter group’s stake will fall to 56.8% after the IPO from 79.1%. It is a multi-modal logistics provider offering end-to-end supply chain solutions across air and ocean freight forwarding. More than three-fourth of the revenue comes from air freight services. It has heavy dependency on cross-border trade making business susceptible to global economic slowdown, trade policy shifts, and currency volatility. However, it has been No. 1 Air Freight Forwarder since the past four calendar years. Given these factors, the issue is suitable for long-term investors with high risk-tolerance.
Skyways Top Freight Player, but Vulnerable to Global TurbulenceAgencies

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Incorporated in 1984, Skyways Air Services provides services such as air and ocean freight forwarding, trucking, warehousing, custom broking, technology driven express cargo and parcel delivery. According to World ACD, the company has been consistently ranked No. 1 Air Freight Forwarder in terms of air waybills (AWB) from 2022 to 2025. It maintains direct commercial relationships with 56 international airlines and relies on a global network of logistics alliances to serve clients across 12 countries. The company has developed proprietary platforms to support different aspects of logistics operations. Air cargo volume grew close to 84 thousand tonnes in FY26 from 48 thousand tonnes in FY24 while ocean containers volume increased to 28,275 TEUs (twenty-foot equivalent unit) from 16,294 TEUs during the period.

Read more:Aditya Infotech rebounds on fundraise plans; analysts see up to 20% upside

Financials
Between FY24 and FY26, revenue from operations rose 47.7% annually to ₹2,812.9 crore, operating profit before interest, tax, depreciation and amortisation (Ebitda) jumped 61.2% to ₹125.6 crore and net profit grew 35.7% to ₹63.5 crore. While Ebitda margin expanded to 4.5% in FY26 from 3.8% in FY24, it trails peers whose margins range between 5% and 7.8%. In contrast, the company’s net profit margin of 2.3%, is towards the higher end of the peer range of 0.2-2.7%. Cash flow from operations grew to ₹113.6 crore in FY26 from a deficit ₹9 crore in FY24.
Valuation
Considering the post-IPO equity and net profit for FY26, the company demands a price-earnings (P/E) multiple of upto 32. For peers including TVS Supply Chain Solutions, Shadowfax Technologies, Delhivery and Mahindra Logistics, the P/E range is wider between 46 and 376.

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Universal safety products: Director Ault buys $183,344 in stock

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Universal safety products: Director Ault buys $183,344 in stock

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Gulfport Energy Stock: Ramps Up Inventory Acquisition Activity (NYSE:GPOR)

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Aaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Entertainment. He used his analytical and modeling skills to design the in-game economic models for two mobile apps with over 30 million in combined installs. He is the author of the investing group Distressed Value Investing, which focuses on both value opportunities and distressed plays, with a significant focus on the energy sector. Learn more>>

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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American Homes 4 Rent: Affordability Pressures Support Rental Demand

American Homes 4 Rent: Affordability Pressures Support Rental Demand

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The First Bancorp: Not Bad, But Not Quite Good Enough

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US, Iran keep up hostile rhetoric ahead of new sanctions

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US, Iran keep up hostile rhetoric ahead of new sanctions

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Peoples Financial Services Stock: Small-Cap Regional Bank With Mixed Results (NASDAQ:PFIS)

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Peoples Financial Services Stock: Small-Cap Regional Bank With Mixed Results (NASDAQ:PFIS)

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I have been involved in the financial world for over 25 years with experience as an advisor, teacher, and writer. I am a full believer in the free-market system and that financial markets are efficient with most stocks reflecting their real current value. The best opportunities for profits on individual stocks come from stocks that are less-widely followed by the average investor or from stocks that may not accurately reflect the opportunities that currently exist in their markets.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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CoreWeave COO Sachin Jain sells $582,427 in shares

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CoreWeave COO Sachin Jain sells $582,427 in shares

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Iran threatens military response to US sanctions

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Iran threatens military response to US sanctions

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