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Why Trump is struggling to cut steak prices

The US President’s tariffs on Brazil, the world’s biggest exporter, is just one driver of meat inflation. Herd sizes have also shrunk after years of extreme weather, high input costs and disease.

A worker checks vacuum-packed steaks ready for export at the Frigolar beef processing plant in La Plata, Argentina. AP

If there is one consumer product whose prices Donald Trump should be attuned to, it is steak.

Back in 2007, long before he entered politics, he launched Trump Steaks on the QVC home shopping channel. The brand sold packages of steaks and burgers that started at $US199. Customers balked at the high prices and the business folded two months later.

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