The Public News Choice
Vol. I · No. 234
Finance
Trump waives the ground-beef tariff. The 25 percent cut has no named buyer.
300,000 metric tons, 90 days. The executive order is not signed. Ranch groups are already against it.
The White House said Friday it will waive the import tariff on ground beef for 300,000 metric tons over 90 days. A 25 percent cut was also floated. No supermarket, packer, or country is named as the buyer. Officials said an executive order would come within two weeks. It is not signed.
Cattle groups opposed it on contact. NCBA's Kent Woodall, Sen. Tim Sheehy (R-Mont.), and Sen. Deb Fischer (R-Neb.) said a tariff holiday will not rebuild a U.S. herd that is already the smallest since the 1950s. Analysts at Kalo said the tariff was not the bottleneck; much of the imported grind is frozen food-service product, not the fresh retail case.
Sources: White House; CNBC (Aug. 21); Daily Wire; NCBA; Sens. Sheehy and Fischer. This desk is not treating an unsigned order as law.
Washington
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