Trump delays order to suspend beef import tariffs, WSJ reports
According to the Wall Street Journal, the White House has decided to delay by at least several weeks an executive order that would suspend tariffs on US beef imports. The decision directly affects major exporters such as Brazil, Argentina and Uruguay.
According to the Wall Street Journal, citing sources familiar with the matter, President Donald Trump's executive order to suspend tariffs on US beef imports has been delayed by at least several weeks. The delay is attributed to inflation concerns and pushback from domestic cattle producers.
The move postpones expectations from major exporters including Brazil, Argentina, Uruguay and Paraguay. Brazil's Ministry of Agriculture has previously said US market access was central to its annual export plans.
US retail beef prices have run at record levels in recent months. Suspending the tariffs could ease pressure on consumer prices, but domestic ranchers argue cheaper imports would squeeze farm margins. The final timing will be shaped by political calculations inside the White House.
More from South America
Bolivia issues arrest warrant for former president Evo Morales after court no-show
Bolivian prosecutors have issued an arrest warrant against former president Evo Morales after he failed to appear for a scheduled hearing. The decision marks a new escalation in a long-running political standoff in the country.
Three dead after monster truck crashes into crowd
A monster truck crashed into a crowd at a show in Colombia, killing at least three people and injuring 38. The incident raises fresh concerns about public safety at large events.
Colombia announces record $1.4 million bounty for rebel leader blamed in bomb attack
Colombia's government announced a record $1.4 million bounty for a rebel commander known as "Marlon," blamed for orchestrating a bomb attack that killed 20 people. The extraordinary reward underscores the government's intensified campaign against armed groups destabilizing the nation.