The United States President has announced he will repeal tariffs on products including Australia\u2019s largest US export, in a sweeping backdown.\u00a0\u00a0<\/p>\n
Donald Trump signed an order on Saturday morning, Australian time, reducing US tariffs on agriculture imports including beef.\u00a0<\/p>\n
Other imports swept up in the change include bananas, coffee, tea, oranges, fruit juices and tropical fruits,\u00a0and tomatoes, as voters\u00a0and Democrats\u00a0pressured\u00a0the\u00a0administration\u00a0to deal with rising costs of living.\u00a0\u00a0<\/p>\n
The products have become exempt from his \u201creciprocal\u201d tariff rule.<\/p>\n
On April 2, he announced the sweeping tariff structure\u00a0to address \u201cunfair\u201d trade settings between the US and the world while his administration looked to address issues in domestic production capacity.\u00a0\u00a0<\/p>\n
Other existing duties, however, remain in place.\u00a0\u00a0<\/p>\n
Australia\u2019s Trade Minister Don Farrell celebrated the White House\u2019s decision to scrap the baseline 10 per cent tariff.\u00a0\u00a0<\/p>\n
\u201cWe welcome the removal of tariffs on Australia’s world-class agricultural exports, including beef,\u201d he said.\u00a0<\/p>\n
\u201cThe Albanese Government’s position has been consistent and clear. Tariffs are an act of economic\u00a0self-harm\u00a0and\u00a0ultimately hurts\u00a0American consumers.\u00a0\u00a0<\/p>\n
\u201cWe maintain our position that tariffs on any Australian products are\u00a0unjustified, and\u00a0continue to advocate for their removal.\u201d\u00a0<\/p>\n
The new exemptions \u2013 which take effect retroactively at midnight on Thursday, local time \u2013 mark a sharp reversal for Trump, who has long insisted that the sweeping import duties he imposed earlier this year are not fueling inflation.\u00a0\u00a0<\/p>\n
Democrats have won\u00a0a string of victories in state and local elections in Virginia,\u00a0New Jersey\u00a0and New York City, where affordability was a key topic.\u00a0<\/p>\n
Asked if further changes were planned, Trump told reporters aboard Air Force One, “I don’t think it’ll be necessary.”<\/p>\n
“We just did a little bit of\u00a0a\u00a0rollback,” he said.\u00a0\u00a0<\/p>\n
“The prices of coffee were a little bit high, now they’ll be on the low side in a very short period.”\u00a0<\/p>\n
National Farmers\u2019 Federation President David Jochinke, previously expressed disappointment about the beef industry being caught up in the trade war shortly after the tariffs were first announced.\u00a0<\/p>\n
\u201cEspecially when we’re a trusted or reliable source of product that not only does the US seek out, but also because we’ve had the strong trading relationship over the last 20 years,\u201d Mr Jochinke told Sky News.\u00a0<\/p>\n
\u201cUltimately, there’s going to be pain in Australian agriculture and as we heard called out, not only is it going to our beef, it’s going be our sheep meat and our wine that will be affected by any tariffs that are placed on any imports going to the US.\u201d<\/p>\n
According to data from Meat & Livestock Australia (MLA), some of the US’ largest companies and fast-food giants use beef from Down Under.\u00a0<\/p>\n
They include McDonald’s, Burger King, Chipotle, and Costco.\u00a0<\/p>\n
The US imported 99,607\u00a0tonnes\u00a0of Australian beef between the beginning of 2025 to April, when the tariffs were announced.\u00a0<\/p>\n
It marked\u00a0an increase of 31 per cent compared to that time last year,\u00a0CommSec\u00a0reported after President Trump\u2019s announcement.\u00a0<\/p>\n
With Reuters.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The United States President has announced he will repeal tariffs on products including Australia\u2019s largest US export, in…\n","protected":false},"author":2,"featured_media":285364,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,8962,141838,12888,164835,93534,14751,44,164836,164837,164834,164833,9355,576,3281],"class_list":["post-285363","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-beef","tag-don","tag-export","tag-farrell","tag-import","tag-meat","tag-news","tag-repeal","tag-rescind","tag-retract","tag-revoke","tag-tariff","tag-trade","tag-trump"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/285363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=285363"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/285363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/285364"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=285363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=285363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=285363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}