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Trump administration aims to reduce tariffs on beef imports to lower prices

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Trump administration plans to reduce tariffs on beef imports to lower prices.

Executive orders suspend tariff-rate quotas and open the door to 80,000 metric tons of tariff-free Argentine beef as ground beef hits $6.70 per pound.

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Summary

Ground beef in the US averaged $6.70 per pound in March 2026. Executive orders signed on May 11, 2026, suspend tariff-rate quotas on beef and authorize 80,000 metric tons of tariff-free lean beef trims from Argentina on a quarterly basis. By suspending those quotas, the administration is removing the velvet rope on imports. The US cattle herd has been shrinking for years, battered by drought conditions, rising feed costs, and supply chain disruptions that never fully resolved after the pandemic era.

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