Trump delays move to lower beef import tariffs
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Trump delays move to lower beef import tariffs

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Trump delays move to lower beef import tariffs

Bron: AGRONEWS Alle berichten van deze bron

The administration has delayed executive orders that would have lowered tariffs on imported beef, according to reporting in the Wall Street Journal and Bloomberg. The measures were intended to expand imports and ease consumer beef prices as part of broader efforts to address food-cost concerns. Suspend tariff-rate quotas was the central action under consideration, officials familiar with the matter told reporters.

Officials said the orders would target short-term supply constraints by allowing more foreign beef to enter the U.S. at lower duty rates and by supporting steps to rebuild domestic cattle numbers. The decision to pause signing came as White House advisers worked to finalize implementation details. The delay followed vocal opposition from cattle producers and several congressional Republicans who argued the move would harm U.S. ranchers.

U.S. cattle inventories are at their smallest level in decades, creating constraints on domestic supply and contributing to higher consumer prices. Retail beef costs have risen to record levels, squeezing margins for meat processors while making beef one of the largest contributors to food inflation in recent months. 75-year low herd captures the scale of the supply shortfall industry sources cited.

Market and trade effects

Under the planned approach, the annual tariff-rate quota that raises duties after a set import volume would be suspended for all beef-exporting countries, a change that would let more product enter under the lower tariff band. The U.S. Department of Agriculture projects record-volume beef imports for the year, and data show early-year shipments have already increased. Record beef imports reflects USDA projections and first-quarter flows.

Much of the additional supply this year has come from Brazil, Australia and Canada, USDA shipments data indicate, and Brazil in particular is positioned to ship more as its other export markets shift. Producers and farm-state lawmakers say expanded imports risk undercutting domestic prices and delaying recovery of U.S. herds, creating political and economic tradeoffs for policymakers.

Political stakes

Beyond tariff changes, the administration signaled complementary steps to support U.S. ranchers, including directing the Small Business Administration to boost lending for producers and proposing adjustments to certain regulatory requirements such as ear-tag rules and endangered-wolf protections intended to ease grazing constraints. Agency officials also described actions intended to loosen some grazing access and other rules to help increase domestic supply.

White House officials told reporters the measures remain under review and that there is no new signing date for the executive orders as details are finalized and as administration advisers weigh industry feedback and political considerations.

Photo - eu-images.contentstack.com

Onderwerpen: Beef cattle, Tariffs, USDA & Agricultural policy

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