Summary
President Trump plans to import more beef from Argentina to help lower U.S. beef prices. This decision upset American cattle ranchers, who feel it would harm their industry. Meanwhile, the U.S. Department of Agriculture has a plan to support local cattle farmers.
Key Facts
- President Trump is looking to import more beef from Argentina to reduce high beef prices in the U.S.
- American cattle ranchers feel this decision could damage their industry.
- U.S. beef prices are high due to a decreased cattle supply, partly because of drought and increased costs.
- President Trump has agreed to a $20 billion economic support deal with Argentina.
- The White House plans to significantly increase the amount of beef that can be imported from Argentina.
- The U.S. Department of Agriculture has announced steps to help domestic cattle ranchers.
- The United States Cattlemen's Association expressed concern about the plan to buy foreign beef.
- Some argue that a few large meatpacking firms control most beef pricing in the U.S.
