Trump to allow ground beef import without tariff

“For beef valued around $7 per kilogram, that difference can exceed $1.80 per kilogram in tariff costs,” the report said.

Beef prices in the U.S have soared in 2026 due to a reduction in the nation’s cattle herd from years of drought, high feed costs and herd liquidation. The size of the herd is at its lowest point since the 1950s.