By Ryan Hanrahan
Bloomberg’s Skylar Woodhouse and Alicia Diaz reported that “President Donald Trump attacked US cattle ranchers over their criticism of his plan to slash record beef prices by importing significantly more tariff-free meat from Argentina, deepening a quarrel with a group of reliable supporters and raising concerns among ranch-state Republican lawmakers.”
“Trump on Wednesday said that cattlemen should be grateful for his tariff policies, saying they have helped boost their profits. At the same time, he also implored them to lower the cost of their products,” Woodhouse and Diaz reported. “‘If it weren’t for me, they would be doing just as they’ve done for the past 20 years — Terrible! It would be nice if they would understand that,’ the president posted on social media. ‘They also have to get their prices down, because the consumer is a very big factor in my thinking, also!'”
“The US plans to increase the tariff-rate quota for Argentina to 80,000 metric tons of beef — effectively quadrupling the amount exempt from 26.4% tariffs, a White House official said later Wednesday,” Woodhouse and Diaz reported. “The Agriculture Department also said it would seek to expedite regulatory reforms and increase processing capacity to lessen the impact on US farmers.”
“Trump’s plan to increase Argentine beef imports has been met with scorn by ranchers, who have said it could crush their industry, while experts say it would do little to lower prices,” Woodhouse and Diaz reported. “Argentine beef accounts for only about 2% of US beef imports and increasing supplies may only have a marginal effect on what consumers pay.”
Source : illinois.edu