Origin: Trump Plans Executive Order on Beef Import Tariff
The plan is to sign an executive order within two weeks allowing up to 300,000 metric tons of beef trimmings used for ground beef to enter the U.S. without out-of-quota tariffs. The allowance would run for 90 days.
The waiver targets the tariff-rate-quota penalty that otherwise adds 26.4 percent to above-quota beef, versus 4.4 cents per kilogram for in-quota imports. On beef priced near $7 per kilogram, that gap can exceed $1.80 per kilogram. The imported product is slated to be sold about 25 percent below current market prices.
Synthesized from 23 sources
CNBCNew York TimesFarm ProgressThe Fence PostClick2HoustonThe Times of IndiaDaijiworldWall Street JournalU.S. News & World ReportDtnpfThealabamanewswireThe HillDroversRollcallReutersKwtxTimeOklahomafarmreportNypostNewsweekChina BriefingUSA TodayBBC
AI-synthesized from multiple reported sources
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