The administration of U.S. President Donald Trump announced on October 23 that it will quadruple the import quota of Argentine beef to 80,000 tons in order to reduce domestic prices and protect American farmers.
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Source: baomoi.com Beef is sold at the Eastern Market in Washington, USA. (Source: REUTERS/TTXVN) According to a White House official, the administration of US President Donald Trump announced on October 23 that it will quadruple the import quota of beef from Argentina to 80,000 tons in order to reduce domestic prices and protect American farmers. According to economic experts, the "import quota" is used to regulate the quantity and volume of certain goods imported at a preferential tariff rate to help balance import control and stabilize domestic prices. White House spokeswoman, Ms. Anna Kelly, stated that President Trump is committed to protecting livestock farmers and supporting the American economy. The administration is working to fulfill this commitment by expanding the import-export tariff quota for beef from Argentina to help lower prices for consumers, while also implementing domestic support programs to maintain stability in the livestock industry. The day before, the US ...