The federal government has welcomed the Trump administration’s removal of tariffs on beef and other agricultural exports to the U.S. Donald Trump signed an executive order reversing tariffs on food imports including beef, coffee and bananas.
Breakdown
- US President Donald Trump announces a rollback of tariffs, including a 10% tariff on Australian beef imports. 12s
- The move, made in April, aims to lower food prices and address inflation in the US. 19s
- Nearly 400,000 tonnes of Australian beef, worth close to $4 billion, have been exported to the US this year due to domestic supply shortfalls. 41s
- Australian officials welcome the decision, citing a strong trading relationship and increased competitiveness for Australian beef. 1m 11s
- The tariff rollback is seen as restoring free and fair trade between Australia and the US. 1m 49s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.