Trump Talks Beef Prices

President Donald Trump said the United States could buy Argentine beef in an attempt to bring down prices for American consumers.

Trump promised days earlier to address the issue as part of his efforts to keep inflation in check.

U.S. beef prices have been stubbornly high for a variety of reasons, including drought and reduced imports from Mexico due to a flesh-eating pest in cattle herds there. Also ranchers who have not been able to rebuild herds.

Trump has been working to help Argentina bolster its collapsing currency with a $20 billion credit swap line and additional financing from sovereign funds and the private sector ahead of midterm elections for his close ally President Javier Milei.