US beef industry

With five weeks until the US midterm elections, critics say three of Donald Trump's attempts to bring down prices have collapsed. A tariff-free beef import plan drew a revolt from farmers, a proposed diesel export ban faced pushback from the oil industry, and proposed $5,000 checks to Americans met resistance even among Republicans. Inflation has run above the Federal Reserve's target since 2021, and economists argue the administration's own policies are contributing to cost-of-living pressures dominating the campaign.