economy
February 7, 2026
Trump signs executive order quadrupling beef imports from Argentina
Updated on: February 6, 2026 / 4:49 PM EST / CBS News
TL;DR
- President Trump signed an executive order to quadruple U.S. beef imports from Argentina.
- The new trade agreement allows for an additional 100,000 tons of Argentine beef to be imported annually.
- The order aims to address rising beef prices by increasing supply, citing a peak of $6.69 per pound in December.
- The agreement includes the removal of reciprocal tariffs on various goods between the U.S. and Argentina.
- American cattle ranchers, represented by the National Cattlemen's Beef Association, oppose the increase, fearing damage to their livelihoods and minimal impact on consumer prices.
- The trade deal is seen as a significant boost for Argentine President Milei and a model for inter-American cooperation.
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