Donald Trump loves tariffs, but he also loves affordable hamburgers, which is one reason why Australia's cattle industry is feeling confident about the year ahead.
"I always say tariffs is the most beautiful word to me in the dictionary," he told crowds after his inauguration."Not necessarily, but I'll tell you what will go up is jobs," the president replied."I think the farmers are going to be helped by this very much, because product is being dumped into our country and our farmers are getting hurt very badly."
This year is again off to a strong start, with 25,809 tonnes exported to the US last month, up 22 per cent from January 2024. Mr Evans said cattle and beef prices in the US seemed to be at record highs across the board after years of drought. "We need tariffs and tariff rate quotas on these countries to ensure they cannot continually displace our American farmers and ranchers," it said.As Daryl Peel, from Oklahoma State University, explained to The Farm Ranch Guide, "some products we just don't make enough of, so we import and one item that is imported to the US is lean beef".
Tariff Beef Cattle Hamburgers Prices Trade
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