Trump Announces 90-Day Tariff Relief For Ground Beef Imports As Costs Soar

BreakingBusinessTrump Announces 90-Day Tariff Relief For Ground Beef Imports As Costs SoarBySara Dorn,Forbes Staff. Sara Dorn is a Forbes news reporter who covers politics.Follow AuthorAug 21, 2026, 09:58am EDTToplinePresident Donald Trump announced Friday he would allow a 90-day tariff exemption for some ground beef products, as he continues to log low approval ratings on his handling of the economy and cost of living—top concerns for voters in the 2026 midterm elections. President Donald Trump delivers remarks during a meeting with cryptocurrency executives in the Roosevelt Room of the White House in Washington, DC, on August 19, 2026. (Photo by Jim WATSON / AFP via Getty Images)AFP via Getty ImagesKey FactsTrump said on Truth Social, “for the next 90 days, the United States will allow up to 300,000 metric tons of product for ground beef to be imported with no out of quota tariff.”He said the U.S. has “a commitment that this beef will be sold at 25 percent below current market prices.” Additional details about the tariff relief, including what ground beef products it would apply to, were not immediately clear.The announcement comes as polls consistently show Trump’s approval rating on the cost of living is underwater—a Financial Times/Focaldata poll released earlier this week found more than 53% of registered voters said they’re worse off financially during Trump’s second term. The poll also found voters were more likely to say they trusted Democrats over Republicans to handle inflation and the cost of living. Meanwhile, ground beef prices have soared to a record high, $6.89 a pound in July, amid a shortage of cattle. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements.video/player.js?cid=62cec241-7d09-4462-afc2-f72f8d8ef40a';...