President Trump allows expansion of Argentine beef tariff-free

Date:


President Trump signed a proclamation allowing 80,000 tons of Argentine beef to be imported into the United States duty-free each year.

play

President Donald Trump is allowing more beef from Argentina to be imported into the United States duty-free as part of continued efforts to reduce food costs.

On February 6, President Trump signed a proclamation allowing 80,000 tons of Argentine beef to be imported into the United States annually without additional tariffs, according to a White House fact sheet.

Argentina’s Foreign Ministry said the move was part of a broader trade deal and would significantly increase the amount of beef given preferential access to the U.S. market from the current 20,000 tonnes. The ministry said the increase in Argentine beef exports to the United States would be worth $800 million.

This declaration covers “lean beef trimmings” used to make ground beef. The price of a pound of ground beef soared to $6.69 in December, the highest price since the Labor Department began tracking it in the 1980s, the paper said.

“As President of the United States, I have a responsibility to ensure that hardworking Americans can afford to support themselves and their families,” the declaration reads.

In his second term, President Trump raised tariffs on a variety of products and touted the revenue those products generated. But he has recently sought to exempt products from tariffs or delay the introduction of tariffs, citing concerns about consumer costs.

The president announced last month that he was delaying increased tariffs on upholstered furniture, kitchen cabinets and vanities due to growing concerns about affordability. In November, it announced that it would exempt a wide range of products from tariffs, including beef, coffee, chocolate, bananas, tomatoes and oranges.

The National Cattlemen’s Beef Association opposes the idea of ​​importing more beef from Argentina, saying in a statement that President Trump’s October comments about Argentine beef “harm American cattlemen and women.”

Trump has forged a close relationship with Argentina’s President Javier Milei, welcoming him to the White House in October and pushing for a $20 billion relief package to support the country’s economy.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Michael Bay sued for $1.5 million over Cadillac F1 Super Bowl ad

General Motors: History, Innovation, and TraditionLearn about General Motors'...

Howard Lutnick: ‘I have nothing to hide’ about Jeffrey Epstein

Mr. Lutnick is one of several influential business and...

American Maxim Naumov overcame the unspeakable death of his parents to compete in the Olympics

Maxim Naumov's inspiring performance US Figure Skating ChampionshipsMaxim Naumov...