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About Trump’s New Tariffs: How They May Affect Your Next Steak (and Why Quality Is Still King)

On April 2, 2025, President Donald Trump announced sweeping new tariffs that are set to shake up the meat industry. Learn how tariffs on imported beef, poultry, pork, and luxury proteins like Wagyu and Jamón Ibérico will affect prices, and why Meat N' Bone's domestic sourcing strategy keeps you covered.

Questions

What are Trump's new tariffs and how do they affect meat prices?

On April 2, 2025, President Trump announced sweeping tariffs with a baseline 10% tax on all imports and much higher rates for certain countries. This includes a 25% tariff on beef from Canada and Mexico, which are major sources of cattle and meat for the U.S. These tariffs will increase costs for ground beef and other budget-friendly cuts, with price hikes trickling down to grocery stores and restaurants.

How will tariffs affect beef prices in the U.S.?

Tariffs will impact beef prices in multiple ways. A 25% tariff on Canadian and Mexican beef will increase production costs for ground beef and budget cuts. Additionally, U.S. cattle supply is at historic lows due to drought and high feed costs, so even domestic beef prices (USDA Choice and Prime) are likely to climb. Ground beef prices have already risen 43% since 2020 and may increase further.

Will chicken and pork prices increase due to tariffs?

While the U.S. is largely self-sufficient in chicken, tariffs could indirectly raise chicken prices through increased feed costs and higher demand as consumers substitute away from expensive beef. Pork prices may also increase because Canada exports millions of piglets to U.S. farmers annually, and tariffs on Canadian livestock will raise input costs for U.S. pork producers.

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How will tariffs affect luxury and exotic meats like Wagyu and Jamón Ibérico?

Japanese Wagyu faces roughly a 24% tariff and Australian Wagyu around 10%, making these already premium products even more expensive. European delicacies like Jamón Ibérico, Prosciutto di Parma, and Spanish chorizo face approximately 20% tariffs. Other imported proteins like New Zealand lamb and South American game meats face at least the baseline 10% tariff.

What are the ripple effects of tariffs on the meat supply chain?

Tariffs create ripple effects throughout the food supply chain. Fertilizer costs may increase since 93% of potash is imported and 79% comes from Canada, raising feed crop costs. Equipment and machinery components are largely imported, so farm equipment costs will rise. These indirect costs eventually increase consumer prices across all meat categories.

Why is Meat N' Bone less affected by tariffs than other retailers?

Meat N' Bone sources beef from small American farms and trusted domestic programs, focusing on quality and traceability. The company never built its business on ultra-cheap imported beef, so it is far less affected by tariff turmoil than big-box grocers. Direct partnerships with ranchers and selective importing of premium items like Japanese Wagyu help minimize extra costs.

Does Meat N' Bone offer domestic alternatives to imported premium meats?

Yes. Meat N' Bone offers 100% Colorado Wagyu as a domestic alternative to Japanese and Australian Wagyu, delivering indulgent quality without import taxes. The company also prioritizes domestic sourcing for game meats like bison and venison when possible, helping keep prices competitive while maintaining supply reliability.

What should consumers do about rising meat prices?

Meat N' Bone advises consumers to prioritize quality and reliability rather than panic. A smaller portion of outstanding steak can be more satisfying than a large portion of mediocre beef. As prices rise everywhere, the cost difference between average and exceptional meat narrows, making it a good time to invest in better quality proteins from trusted sources.

How much have beef prices already increased before these tariffs?

The average price of ground beef in U.S. cities has increased 43% since 2020, even before the new tariffs were announced. This reflects years of supply constraints and rising production costs.

What percentage of U.S. potash (fertilizer) is imported from Canada?

Approximately 93% of potash is imported by the U.S., and about 79% of that comes from Canada. Tariffs on Canadian goods will increase fertilizer costs for American farmers, which raises the cost of growing feed crops like corn and soy.