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Fortune
Fortune
Business
Joshua Hong

Trump admits tariffs are a tax on America's love for hamburgers and allows 300,000 metric tons of ground beef imports at 'below current market prices'

Donald Trump Steve Hanke America United States Fortune
US President Donald Trump delivers remarks during a meeting with cryptocurrency executives in the Roosevelt Room of the White House. (Credit: Photo by Jim WATSON / AFP via Getty Images)

Donald Trump is temporarily opening the U.S. market to additional beef imports over the next three months and will allow up to 300,000 metric tons of product to enter the country without being subject to out-of-quota tariffs.

“This deal will reduce prices for Americans while giving space for our Great American Beef Herd to grow again,” Trump wrote in a Truth Social post on Friday.

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