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The soaring price of a steak

Beef costs have risen sharply in many countries, adding to the pressure on living standards and bringing Donald Trump into conflict with ranchers

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 which started at $199. Customers balked at the high prices and the business folded two months later.

Ten months into his second term as president, Trump is once again struggling with the high cost of a steak. Across the world, beef prices are soaring as a global supply crunch bites. 

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