U.S. President Donald Trump’s administration is quadrupling the tariff rate quota on Argentinian beef to 80,000 tonnes to reduce prices.
The move lets Argentina ship more beef to the U.S. at a lower rate of duty at a time when U.S. beef prices have set records due to tight cattle supplies and strong consumer demand.
The plan to import more beef from Argentina has angered U.S. ranchers, who largely supported Trump in his campaigns for president.
They said the government should support domestic producers and that increased imports threaten their livelihoods.
The U.S. Department of Agriculture on Wednesday announced a plan to expand the domestic cattle herd and support American cattle ranchers, after Trump said he was working to lower the price of beef in the country.
