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Automatically translated version. May contain inaccuracies compared to the original.
Tariffs were supposed to "protect" American farmers. Now Trump is lifting them because it's become too expensive for Americans to eat beef, - Fortune
Since 2020 beef in the U.S. has risen in price from about $1,8 to $7 per pound. Prices are being pushed up by herd reductions, strong demand, and supply problems, and imports were further restricted by tariffs, including a 50% duty on Brazilian beef.
Now Trump is temporarily lifting the high duties on the import of 300 thousand tons of meat to bring prices down. Importers, he says, have agreed to sell it at 25% below market prices.
This turned into a little master class in protectionism: first the authorities make imports more expensive to protect U.S. producers, consumers face higher prices, and then the authorities urgently reintroduce cheap imports to save consumers. And now the farmers they originally set out to protect are the ones outraged.
