NASHVILLE, Tenn. – Consumers may notice a dip in meat prices at the store following new tariffs imposed by Mexico and China on the United States for beef, pork, and poultry imports.
The change comes after the Trump administration imposed tariffs on steel imports, and the tariff imposed by Mexico and China has led to a major surplus of meat in the United States.
The Wall Street Journal reported that an estimated 2.5 billion lbs. of meat are currently in warehouses across the United States, and many believe that will bring down the price of meats as suppliers try to get more consumers to buy the overstocked product.
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