Under Trump, US cedes its share of China’s beef market to Australia. It’s fascinating, isn’t it, how shifts in global trade can happen so quickly? I mean, one minute the US beef industry is chugging along, and the next… well, the Aussies are suddenly doing a lot of winning. And we’re talking big numbers – an $80 million per month swing in beef exports, all thanks to a series of events that played out under the Trump administration.
The story really begins with tariffs. When Trump decided to impose tariffs on Chinese imports, China, naturally, retaliated. And one of the first things they did was significantly curb their imports of US beef.… Continue reading
Donald Trump’s tariffs on Chinese goods ignited a trade war, leading to retaliatory tariffs on American products, including a substantial increase on US beef. This price hike has made American beef cost-prohibitive for many Chinese restaurants, prompting a shift to tariff-free Australian beef. Consequently, Australian beef exports to China have surged, with anecdotal evidence and sales data supporting this trend. The situation highlights the significant impact of trade disputes on global markets and consumer choices. Despite a recent truce, accusations of violations continue, fueling ongoing trade tensions between the US and China.
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Approximately 300 US abattoirs lack renewed export licenses, halting most US beef exports to China, a key market previously valued at $US1.6 billion. This disruption, exacerbated by retaliatory tariffs reaching 116%, has created a significant opportunity for Australian grain-fed beef exports, which have substantially increased to fill the demand. However, the broader trade war between the US and China poses a risk to global economic growth and, consequently, future demand for Australian agricultural exports.
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Matt Underwood 
John Q. Hosedrinker