The Democrats’ report found that American consumers’ share of the bill came to nearly $159 billion — or $1,198 per household.

Trump broke little new ground, restating messages his White House has been pushing for months: that economic problems can be blamed on Joe Biden, and that his second term has been a massive success.

This strongly suggests that the Trump administration threw badly bleeding packers a lifeline by opening U.S. markets to enormous, unlabeled supplies of South American beef to cut their losses – not to trim soaring retail prices paid by American eaters.

In a speech shorter than his usual hour-plus events, and which was full of false statements, the president promised a better economy in 2026.