Published: October 20, 2025 / 1:58 PM CDT

Updated: October 20, 2025 / 1:58 PM CDT

ABOARD AIR FORCE ONE (AP) — On Sunday, President Donald Trump revealed that the U.S. is considering importing beef from Argentina as a strategy to reduce costs for American consumers.

“We’re looking at potentially buying beef from Argentina,” he shared with journalists on Air Force One during a journey from Florida to Washington. “Doing so could lead to a decrease in our beef prices.”

Earlier this week, Trump pledged to tackle the matter as part of his broader initiative to manage and curb inflation.

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.

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.