Trump promised 300,000 tons of beef imports at lower tariff rates to reduce grocery costs. Instead, shipments have lagged and prices haven’t budged

At the nexus of an ongoing affordability crisis and midterm election push, the Trump administration’s effort to reduce beef prices appears to be falling short. President Donald Trump signed a proclamation in August to temporarily increase the quantity of beef in the U.S. by importing 300,000 metric tons of lean beef trimmings into the country at a reduced tariff rate. The imports were scheduled over 90 days, from September through November. “This deal will reduce prices for Americans while giving space for our Great American Beef Herd to grow again,” Trump wrote on Truth Social announcing the policy.

Source: Fortune Crypto