Trump’s Hail Mary to bring beef prices down
BY DAN RATHER AND TEAM STEADY
The American economy is not in a good place. That is reportedly, supposedly, allegedly a major concern of the White House 71 days out from the midterms. But up to and including today, we’ve seen little evidence the president cares much for anyone who isn’t a megadonor or a relative.
But Americans, working Americans, many of whom still climb into their cars or catch a bus early each morning and don’t return home till dark, are in serious distress. That’s in large part because most of the promises made by Donald Trump weren’t kept.
So on Friday, he threw the masses a bone, literally, by announcing a proposal to temporarily cut tariffs on imported beef. But it’s an idea that is so half-baked that even his most ardent supporters are crying foul.
The American barbecue, a summer mainstay, is more expensive now than ever. The cost of a cookout’s centerpiece, the hamburger, is now almost $7 a pound. Ground beef, which accounts for half of all beef consumed in the United States, is up 24% since Trump took office.
The president’s approval ratings are dropping. The timing is not coincidental, especially so close to the midterms. But, as is so often the case with Trump, his proposal sounds plausible at first blush, but when you dig (not even very deep) you find harebrained plans, hypocrisy, and ulterior motives.
The crux of the beef problem is one of supply and demand.
A global beef shortage has driven up the price. The U.S. cattle herd size is at its smallest since the 1950s. Drought, low margins, the specter of disease, and increased costs for diesel and fertilizer have driven thousands of ranchers out of business. The U.S. is losing more than 21,000 cattle operators per year, according to the Cattlemen’s Association.