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eNCA
5 minutes ago
- eNCA
Australia lifts trade barriers on US beef
CANBERRA - Australia said it would lift trade barriers on beef from the United States, removing a major point of friction between Canberra and the Trump administration. US President Donald Trump singled out Australia as he unveiled his "Liberation Day" tariffs in April, accusing the close ally of banning American meat while cashing in on exports to the United States. Australia's stringent biosecurity rules block imports of cattle slaughtered in the United States, but born in Canada or Mexico. Threatened with 10 percent tariffs on beef shipped to the United States, one of its largest red meat markets, Australia has now dropped these barriers. Agriculture minister Julie Collins said the United States had adopted new quality controls that soothed Australia's worries. "The Department of Agriculture, Fisheries and Forestry is satisfied the strengthened control measures put in place by the US effectively manage biosecurity risks," she said in a statement. "Australia stands for open and fair trade -- our cattle industry has significantly benefited from this." Australia suspended US beef imports in 2003 after an outbreak of mad cow disease, a fatal and infectious condition that slowly eats away at the nervous system of cattle. Most of these restrictions were lifted in 2019, although some barriers remained on cattle slaughtered in American abattoirs but born elsewhere. Trump said Australians were "wonderful people" but accused them of banning US beef while exporting billions of dollars worth of meat to America. "They don't take any of our beef," he complained in April. Almost five percent of all the beef eaten in America is Australian, and that largely goes into burgers. In the first three weeks of July, Australia shipped almost 25,000 tonnes of beef and veal to the United States, official figures show.
AU Financial Review
6 minutes ago
- AU Financial Review
RBA tempers the doves as it sells its slow and steady strategy
A lot can happen in nine months. When National Australia Bank executive Cathryn Carver introduced Reserve Bank governor Michele Bullock to deliver the annual Anika Foundation address on Thursday, she gave a snapshot of the world in September last year. That was the last time the function was held to raise money to address youth depression. Kamala Harris had momentum in her run for the White House, while in Australia, the Albanese government's grip on power looked shaky. The main act, Bullock, was yet to cut interest rates even as her central banking peers were lowering their settings. Australians were still feeling the strains of higher prices as cost-of-living pressures mounted.
Sky News AU
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Insane amount of CCTV in murder case
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