Trump Lifts Beef Import Taxes as Grocery Prices Surge

Ground beef hit $6.89 per pound in July — up 24 percent since Trump took office in January, government data shows. American cattle herds are the smallest since the 1950s. On August 21, Trump paused import taxes for 90 days on 300,000 tons of foreign ground beef, expected to cost 25 percent less. The timing falls right before November's midterm elections.