Tariffs on Australian beef backfires on Trump’s favourite meal ‘This decision is a disappointing step backward for our nations and for the global economy.’4 min read

7NEWS

03 Apr

Queensland farmers, still in the grips of ‘catastrophic’ flooding, which has caused an estimated loss of livestock upwards of 150,000, have woken to the news that their livelihoods may now be impacted...

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Being among the least subsidised farmers in the world has seen the sector become highly efficient and productive.“While this decision creates unnecessary uncertainty, we remain confident in the strength of Australian agriculture. Our products are sought after worldwide for their quality, sustainability, and reliability.An aerial view of flooding in the small township of Thargomindah in Queensland. Credit: AAPJochinke said the Australian agricultural industry will support a ‘considered and measured’ approach to negotiations with the United States and will","collect":0,"end_time":0,"defaultTopTitle":"7news.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"XKO.AU":"标普/澳交所 300指数","FCA":"First Trust China AlphaDEX Fund","BK7095":"多种金属与采矿","XAO.AU":"标普/澳交所 普通股指数","DAF.AU":"Discovery Alaska Ltd","XJO.AU":"标普/澳交所 200指数"},"translate_title":"对澳大利亚牛肉征收关税对特朗普最喜欢的食物产生了适得其反的效果“这一决定对于我们的国家和全球经济来说是令人失望的倒退。”4分钟阅读","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DAF.AU":1,"FCA":1,"XAO.AU":1,"XJO.AU":1,"XKO.AU":1},"content_text":"Queensland farmers, still in the grips of ‘catastrophic’ flooding, which has caused an estimated loss of livestock upwards of 150,000, have woken to the news that their livelihoods may now be impacted by new tariffs implemented by the United States.US President Donald Trump announced the 10 per cent tariffs during his Liberation Day speech, which are set to come into effect in Australia at 3pm on Thursday.However, experts warn US tariffs on Australian beef will not only hurt farmers, but also backfire on Americans with tastes for Big Macs—including Trump.Know the news with the 7NEWS app: Download today Americans will now ‘pay more for a Big Mac at McDonald’s’, which is where much of Australia’s beef exports end up in the United States, according to the Farmers for Climate Action.A well known lover of the golden arches, Trump has served McDonald’s banquets at the White House and even worked a shift at a McDonald’s in suburban Philadelphia during his presidential campaign.Donald Trump, Elon Musk, House Speaker Mike Johnson, Donald Trump Jr. and, Robert F. Kennedy Jr. photographes eating McDonald's together, photo was posted by Donald Trump Jr to X captioned ‘Make America Healthy Again starts TOMORROW.’ Credit: Donald Trump Jr/XCorey Lewandowski and David Bossie said in their 2017 book ‘Let Trump be Trump’ that the president’s go-to McDonald’s order was two Big Macs, two Fillet-O-Fish and a chocolate malted milkshake.As the largest beef cattle producing state in Australia, Queensland farmers are likely going to be some of the most affected by the decision.Queensland plays a significant role in Australia’s livestock exports, with an estimated half of the nation’s beef production originating from the state.In 2023–24, Queensland exported over $13.3 billion worth of agriculture and food products, according to the Department of Primary Industries (DAF).How are farmers reacting to Trump’s tariffs? The National Farmers’ Federation (NFF) expressed its ‘profound disappointment’ in the decision made by the US, which is a multi-billion dollar investor in Australian agriculture, owning and leasing about 2 million hectares of Australian agricultural land.“This decision is a disappointing step backward for our nations and for the global economy,” NFF President David Jochinke said.“Australian producers are resilient in the face of challenges. Being among the least subsidised farmers in the world has seen the sector become highly efficient and productive.“While this decision creates unnecessary uncertainty, we remain confident in the strength of Australian agriculture. Our products are sought after worldwide for their quality, sustainability, and reliability.An aerial view of flooding in the small township of Thargomindah in Queensland. Credit: AAPJochinke said the Australian agricultural industry will support a ‘considered and measured’ approach to negotiations with the United States and will work closely with the Government to seek a resolution.Experts warn that the mass loss of livestock due to the central Queensland floods will put beef and lamb in high demand, driving up the cost on supermarket shelves.“It’s very concerning,” IGA CEO Fred Harrison told 7NEWS.“The main concern is around beef supply, and obviously much of the beef supply does come from that part of Australia.”Tony Perrett, Queensland’s Minister for Primary Industries, said he would be writing to the federal agriculture minister to advocate on Queensland’s behalf, but was resolute that Australia would remain resilient against trade adversity.“Australian agriculture has been on the receiving end of abrupt geopolitical decisions that are not in our best interests in the past, and we have always found a way through,” Perrett said.“Regardless, we will work with farmers, industry representatives and the Federal Government to adapt and diversity in response to changes to market access internationally.”The full extent of livestock losses won't be known until floodwaters subside. (James Brickwood/AAP PHOTOS) Credit: AAPFarmers for Climate Action (FCA) said the decision will not only hurt Australian farmers, but also American consumers.“This tax on Australian farmers hurts Americans,” FCA CEO Natalie Collard said.“These tariffs, or taxes, are not ‘reciprocal’; they’re an unprovoked attack on an ally because Australia does not charge US businesses a tax to send products to Australia.”The FCA said focusing on alternative trade partners and markets will become a priority.“Now that the US is set to slap Australian beef farmers with tariffs, other export markets become even more important, and those countries are telling Australia they’ll add tariffs to our produce if we don’t take strong action on climate like they are,” Collard said.“Strong climate policies and deep emissions’ reduction this decade are crucial to protecting Australian farmers, who rely so heavily on international trade.”Experts say the Australian beef industry will now need to search for alternative markets to stay above water.“Even though we’ve been called ‘wonderful people,’ Australia’s beef exports are facing tariffs as a result of a biosecurity measure. Regardless, our beef industry will need to look for alternative markets to stay viable,” Monash Econometrics and Business Statistics Professor, Robert Brooks, said.“I do see the government is preparing to offer financial support, but this is really about more than subsidies. The key will be opening up new market access and negotiating better trade routes for our agribusinesses.”Anthony Albanese takes a tumble on campaign trail1 min readMan charged over Surfers Paradise shooting and stabbing1 min read","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}