Trump Waives Beef Tariffs as Ground Beef Prices Climb 24%

Ground beef reached $6.89 per pound in July — up 24 percent since Trump's January inauguration, per Bureau of Labor Statistics data. U.S. cattle herds sit at their smallest since the 1950s. On August 21, Trump approved a 90-day waiver allowing 300,000 metric tons of duty-free imported ground beef, with foreign exporters expected to price 25 percent below domestic rates. The window ends just before November midterms.