Trump says U.S. cattle ranchers 'don't understand' tariffs after some slam Argentine beef plan
CNBC·2025-10-22 17:21

Core Viewpoint - President Trump asserts that U.S. cattle ranchers are benefiting from tariffs he imposed on beef imports, despite some ranchers criticizing his proposal to import beef from Argentina to lower consumer prices [1][2][4]. Group 1: Tariffs and Market Impact - Trump claims that the 50% tariff on Brazilian beef imports is a significant factor in the improved financial situation of U.S. cattle ranchers, stating they would be struggling without these tariffs [2]. - Beef prices in the U.S. have generally increased, with certain products experiencing double-digit percentage rises, indicating a potential disconnect between rancher profits and consumer prices [3]. Group 2: Rancher Reactions - The National Cattlemen's Beef Association expressed concerns that allowing more Argentine beef into the U.S. market would harm American cattle producers and disrupt the free market [5]. - Republican Senator Deb Fischer criticized Trump's proposal, arguing that government intervention in the beef market would negatively impact cattle ranchers [6].

Trump says U.S. cattle ranchers 'don't understand' tariffs after some slam Argentine beef plan - Reportify