Ranchers don’t understand rates in Argentina’s beef row

President Donald Trump On Wednesday, the U.S Cattle breeder “Don’t understand” how they benefited from it ratesAdding that “they have to get it prices down.”

The advice comes after some ranchers openly criticized Trump’s proposal to import beef Argentina To lower prices for American consumers.

Trump claimed that those ranchers don’t understand that the only reason they’re doing so well is because, for the first time in decades, I’ve imposed tariffs on cattle coming into the United States.

He highlighted the 50% tariff he imposed in early August on imports from Brazil, one of the top beef sellers to the US.

“If it wasn’t for me, they’d be doing what they’ve been doing for the last 20 years – horrible!” Trump wrote in A True social post.

“It would be nice if they understood that, but they also have to lower their prices, because I think the customer is a huge factor!” he added.

beef prices Growth in the US has generally been up since last year, and some products, such as boneless sirloin steak, have grown by double-digit percentages. US Bureau of Labor Statistics.

Trump told reporters on Sunday that his administration was “looking to do” a deal with Argentina in which we would “buy some beef” from the South American nation.

“If we do that, our beef prices will go down,” he said.

The comments drew a quick rebuke from US ranchers.

National Cattlemen’s Beef Association Press release Monday that its farmers and ranchers “rewarding Argentina this expanded access to the U.S. market harms U.S. ranchers and women, and interferes with the free market.”

“This plan only creates chaos at a critical time of year for American cattle producers, doing nothing to lower grocery store prices,” NCBA CEO Colin Woodall said in the release.

NCBA did not immediately respond to CNBC’s request for comment on Trump’s latest criticism.

At least one Republican senator, Deb Fischer of Nebraska, has openly pushed back on Trump’s proposal.

“Government intervention in the beef market will hurt our ranchers,” she wrote in a letter X post tuesday

Sen. Kevin Kramer, RN.D. said Tuesday that “many” Republican senators have told Trump they don’t want to import Argentine beef into the United States.

Trump administration a $20 billion currency swap agreement To help stabilize the country’s faltering economy. Trump is a close friend of Argentina’s President Javier Meille, whose aggressive deregulation efforts have been celebrated by American conservatives.

U.S. soybean farmers and their advocates have criticized the economic lifeline for Buenos Aires as China, the top buyer of the staple crop, shifts its business from the U.S. to Argentina amid Trump’s trade war.

Argentina, that in a move Consistent with Trump’s pledge To help Miley, Suspended export tax last month.

“Why would the USA help bail out Argentina when it takes the largest market for US soybean producers???” Sen. Chuck Grassley, R-Iowa, wrote on x At that time

House Speaker Mike Johnson, R-La. Asked Wednesday morning about Trump’s plan to buy Argentine beef, he said there have been some developments “in the last 24 hours.”

“The White House doesn’t want any unintended consequences.” Johnson said.

– of CNBC Mary Catherine Wellness And Emily Wilkins contributed to this report.