How does this help American farmers?
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It helps them stay laying down while the Trump bus drives over them.
Gives you that all beef flavour you can only get from beef fed beef.
Mmm, prions
Oh shit! I can't believe it took me this long to figure out that MAGA means: Make Argentina Great Again
American rancher? Fuck you!
Trump fucks his supporters yet again.
If only Brazilian beef wasn't tariffed due to them prosecuting fascism
Sorry I'm dumb, can someone tell me how it's Trump that decides this? I thought wholesalers and retailers decided where to source meat from, not the federal government?
We gave them 40 billion and then purchase their beef? Feels like a trade deficit
They're desperate to save Argentina from collapsing because Argentina voted in their own Authoritarian and Trump, Elon and Theil used it as a test run for what they are trying to do to America.
Also, Argentina was nice enough to give sanctuary to all those escaped Nazis, and Trump wants to keep his options open.
Lmao. This goes against his tariffs.
This whole idea avoids two big issues at stake.
- The United States dollar is weakening.
- American Ranchers are in desperate need of help to increase domestic production.
With the US dollar weakening, this creates economic risks for purchase orders of Argentinian beef. There will need specific policy assurances in place and market controls by both Governments to ensure that a continuing weakening US dollar doesn't commit retailers to beef that does nothing to move price to consumer.
There would need to be ever increasing tariff controls in place and if Trump does not make the midterms, there is a good chance that Congress could curtail his usurping Article I powers from Congress. This could come at a time that would be critical for quick adjustments and if retailers have put in orders that jump suddenly or orders that just get cancelled.
Record high retail beef prices in the US in 2025 are driven by low domestic cattle supplies and strong demand. This is due in part to several post pandemic droughts the world over. Additionally, changing trade policy has made steady market planning by US cattle producers that much more difficult. The volatility paired with natural factors has cause beef production within the United States to plunge. Independent farmers of beef are in need and losing the battle to commercial beef production that continue to use their market position to maintain higher beef prices and lower production.
There needs to be movement on multiple fronts within the United States to ensure a healthy beef production that can match the demand being seen. Simply importing Argentinian beef, slaps a band-aid on a wound that's in critical need of prompt attention. And failure to address the complexities of what's driving beef prices higher and just simply applying a stop-gap issue that does nothing long term, will ensure that beef prices don't actually move anywhere in the foreseeable future.
If this whole thing was part of some larger domestic improvement plan, that would be a different story. But this President is widely known for half assing, or quarter assing, or concepts of a planning his way through his term. There's no way that there's some larger strategy involved here. And so what the President is doing is attempting to curry favor with Argentina and Milei by putting long term US beef viability at stake (no pun intended).
I expect nothing less from the guy. This is just a foolish plan that is going to blow up in someone's face a few years down the road. This idiot in the White House is just hoping that he isn't that guy left holding the bag when it does.
If American ranchers are struggling to produce competitive beef, why is that a problem? It's not a critical good; just import it and let the industry shrink.
If as you say it's domestic producers maintaining the price high by restricting supply, imports will encourage them to increase supply.
Also, if the dollar is weakening, that makes US-ranched beef relatively cheaper on world markets (assuming some idiot didn't slap tariffs on beef imports, triggering retaliatory tariffs from back-stabbed trading partners).
So the government will buy it and give out to people for free? Because otherwise I don't see how it will lower prices.
Prices would go down due to an economic principle known as supply and demand
The basic idea is in a market where the demand for an item (beef in this case) outstrips the supply, the price goes up until the demand is equal to the supply. By importing Argentinian beef, you're increasing the available supply in the market. Thus the price will decrease until supply and demand are again equal
No, it isn't supply and demand. The supply is the same. They aren't producing more beef that didn't exist before last week. You could always buy Argentinian beef in the US, but it wasn't imported more because of the price. So if you want to say that the localized supply increased, then it is because it was purchased by the government and either given away for free or heavily subsidized in price.
Subsidies is why this will make beef less expensive. Except now the subsidies are going to Argentinians instead of American farmers.
When markets are divided due to local borders, discriminatory quotas or trade regulations, or other non-tariff barriers to entry, it makes no sense to take a global view of supply and demand, since there's no global market, only dozens of balkanized local markets.
The US imports 7% of its beef from Brazil, 5% from Australia, 4% from Canada, 3% from New Zealand, 2% from Mexico, and 4% from the rest of the world.
That's 25% of our beef from the global market... and you are saying there is no global market? Brazil, Australia, and New Zealand aren't exactly close neighbors. Brazil just got slapped with a 50% tariff, so what barriers to entry does Argentina have that Brazil does not?
Jesus they are super fucking desperate to make Argentina work
They just want their little fasc-buddy to pocket most of that foreign aid, to pay armed goons to keep him in power now that his popularity's down the shitter.