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Hard Numbers

Where’s the beef?

Where’s the beef?
Natalie Johnson
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Historically low cattle numbers, combined with strong demand, have driven beef prices higher in the US. And it’s an issue clearly on President Donald Trump’s radar. This summer, he lowered tariffs on some beef imports to bring prices down. But prices have remained stubbornly high, and now he’s turning to Paraguay for help. The arrangement could benefit Paraguay, too: as the only South American country that recognizes Taiwan, it is effectively shut out of the massive Chinese beef market, making access to US consumers especially valuable.

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