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The administration announced a 90-day waiver on tariffs for imported ground beef to lower costs for American consumers.

The administration announced a 90-day waiver on higher tariffs for some imported ground beef, allowing up to 300,000 metric tons of the meat to enter the country with no out-of-quota tariff. This move aims to address current supply challenges and make groceries more affordable for consumers, as the cost of uncooked ground beef rose 9% in July compared to the same month last year. President Trump stated that the deal would reduce prices for Americans while providing space for the domestic beef herd to grow. However, cattle ranchers expressed concern that the plan could undercut their business and hamper the rebuilding of shrinking cattle herds. Some ranchers noted that high feed costs, fuel prices, and drought conditions have already placed significant financial pressure on the industry. While the administration's plan does not compel retailers to lower prices, the American Farm Bureau Federation noted that it may take weeks for any benefits to show up on grocery store shelves. Agricultural experts also noted that the amount of imported beef represents about 2% of total U.S. consumption, suggesting the plan may have a limited impact on overall consumer prices.

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