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News Brief

April 15, 2025 |  By: Associated Press

Tariffs on beef

Ranchers hope President Donald Trump's tariffs will make
imported beef expensive enough that Americans will turn to cattle raised at home
for all their hamburger and steaks. That might raise prices enough to give
ranchers the incentive to expand their herds for the first time in decades. But
doing that would take at least two years, and it's not clear if Trump's 10%
tariffs on most of the world besides China are high enough to make that happen.
And the tariffs keep changing so it's hard for ranchers to plan. About the only
thing clear so far is that American ranchers will likely lose one of their
biggest markets as a result of the 125% tariffs imposed by China in response to
Trump.