• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Current price of oil as of August 21, 2026

2

Exclusive: The man leading Trump’s RTO charge for government workers says he filmed a video in front of a blank wall to avoid work-from-home suspicion

3

Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’

1

Current price of oil as of August 21, 2026

2

Exclusive: The man leading Trump’s RTO charge for government workers says he filmed a video in front of a blank wall to avoid work-from-home suspicion

3

Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’
EconomyDonald Trump

Republicans say let them eat overpriced burgers, turning on Trump for ‘flooding the market with foreign beef’

By
Seung Min Kim
Seung Min Kim
,
Jesse Bedayn
Jesse Bedayn
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Seung Min Kim
Seung Min Kim
,
Jesse Bedayn
Jesse Bedayn
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
August 21, 2026, 5:27 PM ET
U.S. President Donald Trump pauses while delivering remarks at the David S. Mack Center for Training and Intelligence.
Trump's announced beef import has ranchers and Republicans concerned.Photo by Samuel Corum/Getty Images
Add Fortune on Google for similar content.

President Donald Trump announced Friday that his administration will allow more beef to be temporarily imported into the U.S. without triggering higher tariffs, which drew swift pushback from cattle producers and conservative rural-state Republicans.

Recommended Video

Beef prices have climbed to record highs amid a drop in the number of U.S. cattle, consistent consumer demand and limits on cattle from Mexico, where the animals are facing a flesh-eating pest. The U.S. president has also imposed 50% tariffs on Brazil, a major beef exporter.

Trump remains under pressure to cut costs and address affordability issues ahead of November’s midterms. But ranchers, normally some of the president’s biggest supporters, are enjoying some rare profitable years and worry cheap beef imports will reduce cattle prices — and with it, the incentive to increase herd sizes.

“We all want lower grocery prices, but as I’ve said for months, we cannot do it at the expense of American producers,” Sen. Deb Fischer, R-Neb., said in a statement. “Flooding the market with foreign beef hurts our livestock industry and undermines the long-term solution: growing the U.S. cattle herd to meet demand.”

Sen. Tim Sheehy, R-Mont., said in a social media post just hours after Trump’s announcement that the president’s “heart is in the right place,” but importing beef will “harm our ranching families who feed the nation.”

And Sen. Pete Ricketts, R-Neb., said that while he appreciates the administration’s focus on grocery prices, “short term policy shifts do not equal long term solutions.”

The deal, Trump said, allows up to 300,000 metric tons of ground beef to be imported into the U.S. for the next 90 days without activating an “out of quota” tariff, which is a tax that goes into effect once a certain quantity of that product enters the country.

The president said on social media that he had committed to ensuring the imported beef would be sold at 25% below current market rates, making it cheaper for American consumers. A White House official said the deal is with foreign beef exporters who have agreed to the discount on beef.

“You don’t put America first by putting U.S. cattle producers last,” U.S. Cattlemen’s Association President Justin Tupper said in a statement. “This move will weaken our markets and gamble with food safety in the process.”

The president’s announcement and other market interventions sacrifice “long-term stability for short term messaging,” Colin Woodall, CEO of the National Cattlemen’s Beef Association, said in a statement.

Glynn Tonsor, a professor at Kansas State University who focuses on the cattle and beef industry, said he would like to see more details about the latest deal but that his immediate assessment was that it wouldn’t have a big effect on prices.

That’s because 300,000 metric tons amounts to roughly 3% of what Americans eat yearly, he said. “The relative magnitude we are talking about is pretty small.”

David Anderson, professor of agricultural economics at Texas A&M University, said he was skeptical other countries could redirect so much beef to the U.S. in such a short time period.

“Is that even achievable?” he questioned in a phone interview.

The White House official, who spoke on condition of anonymity to discuss a plan that has yet to be finalized, said the beef in question is lean beef trimmings that are used for ground beef production. Trump plans to sign an executive order formalizing the directive within two weeks, the official said. The administration made a push last year to buy more beef from Argentina to try to bring down prices.

The president said Friday that his plan would help grow the U.S. cattle supply, which is the smallest it’s been in decades. Some ranchers and experts said the opposite effect was more likely.

“Imports have been a major contributor to the decline in the U.S. cattle inventory,” said Bill Bullard, the CEO of the R-CALF USA, which represents independent cattle producers. “Using more imports today will exacerbate that decline and will prevent herd expansion.”

___

Associated Press writers Sarah Raza in Sioux Falls, South Dakota, and Sudhin Thanawala in Atlanta contributed to this report.

Fortune Daily breaks the traditional barrier between audience and newsroom. The show transforms Fortune’s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders. Watch here.
About the Authors
By Seung Min Kim
See full bioRight Arrow Button Icon
By Jesse Bedayn
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Economy


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Economy


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.