Trump’s Gordon Ramsay Beef Scream Goes Into the Void
Summary
President Donald Trump is responding to rising beef prices by allowing imports of large amounts of ground beef without tariffs for 90 days to help lower costs. His administration is also investigating beef prices at major grocery stores to address affordability as the midterm elections approach.Key Facts
- Beef prices in the U.S. have risen significantly, with ground chuck beef costing about $6.85 per pound in July 2024.
- The national cattle herd is the smallest since 1951, causing supply issues.
- Trump announced the import of 300,000 metric tons of ground beef tariff-free for 90 days, officially signed five days later.
- The imported beef equals roughly 2% of the country’s domestic supply.
- The Agriculture Department and trade office are monitoring retail prices and can revoke the import waiver if prices do not drop.
- The rising cost of living is a major concern for many Americans and a key issue in the upcoming midterm elections.
- President Trump’s handling of inflation is approved by only 23% of Americans, while Democrats lead by eight points on this issue.
- Newsweek created a "Gordon Ramsay Beef Scream Index" to analyze how beef prices affect election results for the incumbent president’s party.
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