President faces criticism over plan to import up to 300,000 metric tons of foreign beef without charging higher tariffs

Donald Trump has pledged to allow cattle ranchers and farmers to process their own food amid a backlash from the US agricultural sector over his decision to pause US tariffs on foreign beef.

The US president has been sharply criticized, including from members of his own party, since announcing the US will temporarily import up to 300,000 metric tons of foreign beef without charging higher tariffs in an effort to bring down prices.

Brooke Rollins teases ‘big announcements’ next week to facilitate Trump’s pledge to allow ranchers and farmers to process their own food and avoid the ‘nasty monopoly’ of large processing plants

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A reminder that we are covering the latest out of Jackson Hole, Wyoming, where Kevin Warsh – the new chair of the Federal Reserve – will deliver his first speech as the head of the US central bank at the annual economic policy symposium.

As my colleagues note, Warsh is under pressure to provide clarity on how the Federal Reserve should handle with inflation if price pressures don’t abate.