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Story summary
- U.S. President Donald Trump plans to announce $12 billion in aid for farmers affected by the trade war.
- Beef prices rose nearly 15% year over year, outpacing the 3.1% rise in overall food costs.
- Ranchers report rising input costs have contributed to financial strain on the industry.
- Trump’s administration attributes the price hikes to Biden policies, which they claim have led to the lowest cattle numbers since the 1950s.
