Trump Waives Beef Tariffs to Lower Prices for Working Families

U.S. President Donald Trump has announced that he will waive higher beef tariffs for the next 90 days to help lower prices for American consumers.

The move is aimed at reducing the cost of ground beef, which has seen a significant increase in recent years due to rising demand and shrinking cattle herd sizes.

Average ground beef prices have risen by 57% over the past five years, with a current price of $6.89 per pound, according to data from the Federal Reserve Bank of St. Louis.

The U.S. Department of Agriculture has welcomed Trump's announcement, stating that it will 'help address the affordability of beef' during record-high consumer demand.