Post by @themarketstandard

The Trump administration is allowing 300,000 tons of beef into the US duty-free in an effort to ease grocery prices, but the move is unlikely to meaningfully lower what consumers pay at the register. The waiver amounts to a small fraction of the roughly 12 million tons of beef Americans consume annually, and the underlying issue — US cattle herds at their lowest levels in roughly 70 years due to years of drought and high feed costs — isn’t something a tariff exemption can fix. Beef prices have climbed sharply over the past year regardless of trade policy. Follow for daily business and market news #trump #trumpnews #trumpadministration #stocknews #businessnews