ExecutiveOrdersEO
Proc 11010ProclamationTrump 47 · R

Proclamation 11010

Ensuring Affordable Beef for the American Consumer

This proclamation temporarily increases the U.S. beef tariff-rate quota by 80,000 metric tons for calendar year 2026, specifically for lean beef trimmings used in ground beef. The entire additional quota is allocated to Argentina and administered in four 20,000 mt quarterly tranches beginning February 13, 2026, to address high domestic beef prices caused by drought, wildfires, and restricted cattle imports from Mexico.

Federal Register Open PDF 91 FR 7107

Impact dates

  1. In 41d

    Third TRQ tranche closes

  2. Fourth TRQ tranche closes; CY 2026 TRQ increase expires

  3. 51d ago

    Second TRQ tranche closes

  4. Second TRQ tranche opens (20,000 mt)

  5. First TRQ tranche closes

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Agriculture

Mechanisms

Quota

Role pressure

  • ProtectiveTrading-partner exporter — Argentina receives exclusive 80,000 mt allocation, gaining preferential access to U.S. market at in-quota duty rates
  • AdverseDomestic producer — Increased imported lean trimmings compete with domestic product and may suppress prices for domestic cattle producers and fat trimmings
  • ProtectiveDownstream manufacturer — U.S. meatpackers and ground beef processors gain access to cheaper lean trimmings to blend with domestic fattier trimmings, reducing input costs
  • MixedImporter — U.S. importers of Argentine lean trimmings benefit from expanded quota, but first-come, first-served creates competitive pressure to secure allocations quickly

Geographies

USMX

Exposure dates

  • — First TRQ tranche closes
  • — Second TRQ tranche opens (20,000 mt)
  • — Second TRQ tranche closes
  • — Third TRQ tranche closes
  • — Fourth TRQ tranche closes; CY 2026 TRQ increase expires

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

ADMArcher Daniels MidlandBGBungeCATCaterpillarCTVACortevaTSNTyson Foods

Confidence: high · Policy alerts

Key directives

  • Increase aggregate in-quota quantity by 80,000 mt for CY 2026
  • Restrict additional quantity to lean beef trimmings under HTSUS 0201.30.5091, 0201.30.5097, 0202.30.5091, 0202.30.5097
  • Allocate entire 80,000 mt increase to Argentina
  • Administer via four quarterly 20,000 mt tranches on first-come, first-served basis
  • Open first tranche February 13, 2026; close March 31, 2026
  • Open second tranche April 1, 2026; close June 30, 2026
  • Open third tranche July 1, 2026; close September 30, 2026
  • Open fourth tranche October 1, 2026; close December 31, 2026
  • USTR in consultation with CBP to determine and publish additional HTSUS modifications via Federal Register
  • Secretary of Agriculture to continue monitoring domestic supply and advise President on need for further action

Who is ordered

Timeline

Immediate

  • First TRQ tranche opens February 13, 2026 (20,000 mt)
  • HTSUS modifications take effect via Annex

Near term (90d)

  • First tranche closes March 31, 2026
  • Second tranche opens April 1, 2026
  • Secretary of Agriculture monitoring and advisory role begins

Long term

  • Third tranche (July 1-September 30, 2026)
  • Fourth tranche (October 1-December 31, 2026)
  • Potential for further presidential action based on Secretary of Agriculture recommendations
  • Possible structural shift in U.S.-Argentina beef trade relationship

Risks & tensions

  • Argentina's capacity to supply 80,000 mt of lean trimmings on this timeline is untested; logistical and sanitary certification constraints may slow uptake
  • First-come, first-served allocation could create import surges and price volatility within quarters
  • Domestic cattle producers may oppose increased imports despite stated consumer affordability goal
  • Exclusion of other major beef exporters (Brazil, Australia, Canada, Mexico) from additional allocation may trigger diplomatic or WTO complaints
  • Screwworm-related Mexico cattle import restrictions remain unresolved, leaving structural supply constraint unaddressed
  • Temporary nature (CY 2026 only) creates policy uncertainty for 2027 planning
Proclamation 11010: Ensuring Affordable Beef for the American Consumer · Executive Orders