WILLIAMSPORT, Tenn. – American ranchers are facing the smallest cattle herd in 75 years as the Trump administration rolls out a plan to lower beef prices and rebuild the herd.

President Donald Trump on Friday revealed his plan to waive higher tariffs on beef imports for 90 days. The plan would allow 300,000 metric tons of foreign beef to be sold 25% below the current market value. A pound of USDA Choice beef cost an average of $10.49 in August.

“This deal will reduce prices for Americans while giving space for our Great American Beef Herd to grow again,” Trump posted to Truth Social.

According to the USDA, the United States entered 2026 with…

Read the full article at FOXBUSINESS.COM