Trump suspends beef import tariff quotas amid record-high prices

The Trump administration is temporarily suspending tariff-rate quotas on beef imports to combat record-high domestic prices. Ground beef prices have surged 40% over five years. The move allows more foreign beef to enter the U.S. at lower tariff rates, aiming to increase supply and reduce costs for consumers. The suspension applies to quota volumes, not all beef imports, and is part of broader efforts to address inflation in food sectors. The policy shift reflects pressure on the administration to tackle rising living costs ahead of elections.