Trump seeks to curb soaring beef prices and studies expanding imports

The Donald Trump administration has intensified actions to curb the soaring prices of beef in the United States, which have reached record levels amid a combination of low supply and heated demand. The White House has gathered top advisors, state authorities, and industry representatives to discuss ways that could ease the market. Trump has also called for antitrust investigations to look into possible anti-competitive practices in the food sector, according to Dow Jones. The main factor behind the rise is the historic drop in the number of cattle, a result of years of financial difficulties faced by producers in the post-pandemic period. With lean herds and a long recovery cycle, the supply does not keep up with the demand, sustaining high prices for consumers and pressuring food inflation. A task force installed in the government is discussing emergency alternatives, among them: According to the White House, the strategy involves various federal agencies and seeks a broad ...