Trump to Reduce Beef Tariffs

The Wall Street Journal reported Monday, citing unnamed sources familiar with the matter, that the Trump administration is moving to temporarily reduce tariffs on beef imports from all exporting nations through an executive order. 

A second executive order, per the Journal, will direct the Small Business Administration to expand loans for U.S. ranchers and roll back rules requiring electronic ear tags on livestock.

The executive orders are part of a broader effort to reduce beef prices, which have risen more than 16 percent since last year, according to Federal Reserve Bank data. The U.S. Department of Agriculture estimated that beef prices will climb between 10 and 18 percent in 2026.

American cattle-industry groups have reportedly fought the administration on increasing beef imports, warning that cheap foreign meat would undercut American ranchers.

The move also follows pressure from Brazil’s meat export lobby, which called on President Luiz Inácio Lula da Silva to push the Trump administration to revisit its tariff quota system. Lula met with President Donald Trump at the White House last week to discuss trade and tariffs among other topics.

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