Trump’s tariff pause angers some US ranchers, boosts Brazil beef imports
Summary
President Donald Trump’s 90-day pause on some beef tariffs made imports, especially from Brazil, cheaper. The move was followed by falling cattle auction prices and anger among ranchers, while its effect on grocery prices and midterm voting remains uncertain.Key Facts
- Trump announced the tariff pause in late August.
- The United States Cattlemen’s Association, the National Cattlemen’s Beef Association and the Farm Bureau opposed the decision.
- Cattle auction prices fell after the announcement, temporarily reducing ranchers’ profits.
- The administration announced $8 billion in farm relief in Kansas on October 19.
- The United States cattle herd is near its smallest size since 1951, and the number of ranchers has also declined.
- Earlier tariff changes involving Brazil and Argentina were followed by swings in cattle futures prices.
- Cattle prices also responded to meatpacking plant closures, labor shortages, and the reopening of the southern border after a New World screwworm-related closure.
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