Trump's Quota Surge: Argentine Beef's New Path to U.S.

The Trump administration has increased the tariff rate quota on Argentine beef imports to the U.S. to lower domestic beef prices amid tight U.S. cattle supplies. The move has drawn criticism from U.S. ranchers, concerned about the impact on local producers, despite governmental assurances to support both consumers and ranchers.

The Trump administration has made a controversial decision to quadruple the tariff rate quota on Argentine beef, allowing up to 80,000 metric tons to enter the U.S. at a reduced duty rate, according to a White House official. This effort seeks to mitigate record-high beef prices due to limited cattle supplies and robust demand.

U.S. ranchers, many of whom are Trump supporters, expressed displeasure over the policy change, citing threats to their industry. Justin Tupper, president of the United States Cattlemen's Association, argued that the agreement with Argentina undermines the cattle sector's foundational stability.

Agriculture Secretary Brooke Rollins highlighted the administration's efforts to bolster both consumers and ranchers, amidst frustrations over beef costs. While expanding cattle herds domestically is planned, experts predict minimal immediate impact on prices, partly due to historical declines in cattle supplies caused by environmental factors.

(With inputs from agencies.)