US administration to expand low-tariff beef import quota by 300,000 tons
MacroCommodity
The Trump administration announced on the 26th that it will expand the low-tariff import quota for ground beef by a total of 300,000 tons. Starting September 1, the quota will be increased by 100,000 tons per month for three months, aiming to lower retail prices. The administration expects beef supply to increase by about 10 percent, and President Trump has instructed the Agriculture Secretary and the USTR Representative to monitor whether beef is being sold at prices 25 percent lower than current levels. In the United States, a record drought has led to a shortage of feed supplies, increasing beef production costs and reducing herd sizes, which has driven up prices. The import expansion is intended to curb price increases.
