President Donald Trump has signed a decree allowing 300,000 metric tons of duty-free beef to enter the US. The imports will be allowed for 90 days starting from September 1. These imports must be sold at 25% below market price.
The move aims to make beef products more affordable, but its impact on supermarket prices is uncertain. Currently, a pound of ground beef costs Americans around $6.89 on average, according to US Bureau of Labor Statistics data.
Further details about the decree and its potential effects are available from the source. The White House has not explained how the tariff reduction will be implemented.
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