Trump to Quadruple Argentine Beef Imports While US Ranchers Fume

U.S. President Donald Trump's administration is quadrupling the country's low-tariff imports of Argentine beef in his attempt to lower grocery store beef prices, a White House official said on Thursday, evoking fury from the nation's cattle ranchers.

Raising the tariff rate quota on Argentine beef to 80,000 metric tons will let the country ship more of its beef to the U.S. at a lower rate of duty. U.S. beef prices have set records due to tight cattle supplies and strong consumer demand.

The U.S. Department of Agriculture on Wednesday announced a plan to expand the domestic cattle herd and support American cattle ranchers. Agriculture Secretary Brooke Rollins on Fox Business Network's "Mornings with Maria" said the administration was working to support both beef consumers and ranchers...

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