Trump Defends Tariffs While Cautioning Cattle Ranchers to Lower Prices
Trump's Support for Cattle Ranchers
Trump on Wednesday sent a message to cattle ranchers defending his tariff policies and urging American ranchers to lower their prices. "The Cattle Ranchers, who I love, don’t understand that the only reason they are doing so well, for the first time in decades, is because I put Tariffs on cattle coming into the United States, including a 50% Tariff on Brazil," Trump posted on Truth Social. "If it weren’t for me, they would be doing just as they’ve done for the past 20 years — Terrible!"
Market Reactions and Concerns
Trump's statements come as he faces pushback from some Republican senators. Sen. Deb Fischer (R-Neb.) and others argue that importing beef from Argentina will hurt domestic cattle ranchers. Fischer cautioned that this action would not lower prices for American consumers but damage local producers instead. "Nebraska’s ranchers cannot afford to have the rug pulled out from under them when they’re just getting ahead or simply breaking even," she expressed.
Support for Agricultural Sector
Meanwhile, Agriculture Secretary Brooke Rollins announced over $3 billion in assistance for farmers impacted by the ongoing trade disputes, particularly with China, halting purchases of American soybeans.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.