Trump Clears Way for More Beef Imports

Wall Street Journal: “The Trump administration is opening the way to import more steaks and ground beef from overseas, part of a broader effort to address record-high beef prices.”

“The administration is planning to temporarily reduce tariffs on beef imports as soon as Monday, according to people familiar with the matter. The move would suspend the annual tariff-rate quota—which applies a higher tariff rate after a certain level of beef imports are reached—on all beef-exporting nations, enabling more of the product to enter the U.S. at lower tariff rates.”