Australia’s Beef Exports Surge as US-China Trade Collapse Creates Market Opportunity
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.
John Q. Hosedrinker