Trump Announces Deal to Slash Ground Beef Prices by 25%, Sends Markets Lower
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President Donald Trump announced a shift in U.S. trade policy on Friday, Aug. 21, 2026, revealing a temporary waiver on out-of-quota tariffs for imported ground beef. Writing on Truth Social, President Trump stated that the initiative aims to slash ground beef costs by 25% while the domestic beef industry recovers from historic herd declines.

The White House has not released details on which nations will supply the beef or how the 25% price discount will be enforced at the retail level.
By Angie Stump Denton
August 21, 2026 09:42 AM








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