Beefing Up Imports: A Double Edged Sword for Cattle Ranchers The Trump administration's plan to temporarily waive higher tariffs on ground beef imports has left cattle ranchers feeling uneasy about their future prospects.
The move, aimed at reducing record high beef prices, could undermine American ranchers' ability to rebuild their dwindling herds and drive down the prices they receive for their cattle.
At first glance, easing tariffs on foreign imports seems like a welcome relief for consumers facing high beef prices. US beef prices have soared to nearly $7 a pound, up 63 cents over the last year alone.