President Donald Trump on Wednesday formally increased the amount of foreign beef that can enter the U.S. at a lower tariff rate by 300,000 metric tons, advancing an affordability push aimed at bringing down elevated ground beef prices.
The temporary increase applies to lean beef trimmings under the U.S. beef tariff-rate quota and will be released in three 100,000 metric-ton tranches beginning Sept. 1, according to a White House proclamation.
Trump said the move is intended to increase the supply of ground beef and lower prices for American consumers as the U.S. cattle herd remains near historic lows and domestic beef production is expected to…
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