America's largest association of cattle ranchers says Trump's plan to lower beef prices is 'undermining' farmers

President Donald Trump announced his initiative to lower beef prices in the US on Friday. Kent NISHIMURA / AFP Trump announced a plan to lower beef prices for Americans ahead of the midterm elections. His administration will allow up to 300,000 metric tons of beef to be imported into the US. The National Cattlemen's B

The U.S. president said on social media that he had committed to ensuring the imported beef would be sold at 25 per cent below current market rates, making it cheaper for American consumers.

Trump said he had 'a commitment' that the imported meat would be sold at 25% below current market prices under the plan, which he claimed will help reduce consumer costs.

President Donald Trump has announced his administration will temporarily allow more beef imports into the U.S. without triggering higher tariffs

Trump announces plan to lower beef prices, but ranchers and some Republicans are already balking  AP News