WASHINGTON (Reuters) – U.S. President Donald Trump’s administration is quadrupling the tariff quota for Argentine beef to 80,000 tons to reduce prices, a White House official said on Thursday.
Separately, White House spokeswoman Anna Kelly said Trump had committed to protecting ranchers and providing economic relief to ordinary Americans.
According to the administration, the government would achieve both goals by expanding beef imports from Argentina to reduce consumer prices in the short term and by implementing new supports for ranchers, she said.
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On Wednesday, the US Department of Agriculture announced a new initiative to expand the domestic cattle herd and support American ranchers, after Trump said on Friday that he was working to reduce the price of beef in the country.
IN ARGENTINA, GOOD NEWS
From Argentina, the president of the Chamber of the Meat Industry (CICCRA) celebrated Washington’s decision.
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“It’s good news for the sector. Argentine beef is highly valued in the United States and has great press. Argentina is rebuilding its distribution chain in the United States,” Miguel Schiariti, president of CICCRA, told Reuters.
Schiariti explained that Argentina exports both its renowned cuts of beef and meat to the United States for use in the American hamburger industry.
Reuters contacted the Argentine Ministry of Agriculture, but the ministry indicated it would not comment at this time.
