What’s at stake: Australian exports to the US hit with a 10% tariff, with President Trump singling out Australia’s ban on US beef as a major sticking point.
Key takeaway: Meat products comprise Australia’s largest export category to the US, at more than US$4b per year. Australia imports more from the US than it exports, with the trade balance US$17.5b in favour of the US in 2024.
Main players: US President Donald Trump, Australia Prime Minister Anthony Albanese, Australian Department of Foreign Affairs and Trade.
Donald Trump may have consumed a lot of Australian beef in his hamburgers but the US President still called out Australia’s US$3.3 billion ($5.7b) in annual beef exports in his “Liberation Day” tariff announcement.
Complaining that Australia “won’t take any of our beef,” Trump said that
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What’s at stake: Australian exports to the US hit with a 10% tariff, with President Trump singling out Australia’s ban on US beef as a major sticking point.
Key takeaway: Meat products comprise Australia’s largest export category to the US, at more than US$4b per year. Australia imports more from the US than it exports, with the trade balance US$17.5b in favour of the US in 2024.
Main players: US President Donald Trump, Australia Prime Minister Anthony Albanese, Australian Department of Foreign Affairs and Trade.
