logo
‘On notice': Trump's new beef demand

‘On notice': Trump's new beef demand

Perth Now3 days ago
US President Donald Trump has issued a scorching demand for any global bans on US beef to be lifted, following the relaxation of importation rules in Australia.
In a post on his social media platform Truth Social, Mr Trump said 'After many years Australia has agreed to accept American Beef'.
'For a long time, and even though we are great friends, they actually banned our Beef.'
He insisted that the US would now sell 'so much to Australia'.
'This is undeniable and irrefutable Proof that U.S. Beef is the Safest and Best in the entire World.
'The other Countries that refuse our magnificent Beef are ON NOTICE.
'All of our Nation's Ranchers, who are some of the hardest working and most wonderful people, are smiling today, which means I am smiling too.
He ended the post with a call to 'keep the Hot Streak going'.
It comes after the Albanese government's decision to lift restrictions on US beef imports, which came after a lengthy science-based review.
The relaxation of the rules has however faced criticism from the Coalition for its 'exquisite' timing as Labor enters trade negotiations with the US.
The Trump Administration claimed credit for the change in a Department of Agriculture press release titled 'Make Agriculture Great Again Trade Wins: President Trump Secures Greater Ag Market Access to Australia for American Beef'.
The US Secretary of Agriculture Brooke Rollins said the change removed 'non-scientific trade barriers'.
'Gone are the days of putting American farmers on the sidelines,' Ms Rollins said.
'This is yet another example of the kind of market access the President negotiates to bring America into a new golden age of prosperity, with American agriculture leading the way.' The Albanese government has insisted that there are no biosecurity risks in lifting the restrictions. NewsWire / Martin Ollman Credit: News Corp Australia
The change was also praised by US Trade Representative Jamieson Greer in a statement on Thursday that singled out US President Donald Trump's 'leadership' for the change.
'Yesterday's decision by Australia marks a major milestone in lowering trade barriers and securing market access for US farmers and ranchers,' he said.
'President Trump is taking decisive action to confront unfair trading practices, and Australia's decision to unlock market access for US beef is a direct result of his leadership.'
US beef was first banned in Australia in 2003 following an outbreak of mad cow disease.
It was a total ban until 2019, when it was lifted, albeit restrictions remained on US exports that originated in Canada or Mexico.
Australia had maintained the ban under the banner of biosecurity, but Agriculture Minister Julie Collins said that the Department of Agriculture, Fisheries and Forestry was 'satisfied' with the 'strengthened control measures' put in place by the US.
Local Australian beef producers have said the expect the new import rules to have minimal effect, citing high demand in the US and Australian's preference for homegrown meat.
'The potential for US beef to be imported into Australia in large volumes is minimal, given the high demand for beef in the US, the low US cattle herd, the strength of the Australian dollar, our competitive domestic supply, and most importantly Australians' strong preference for high-quality, tasty and nutritious Australian beef,' Meat and Livestock Australia said in a statement.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US reaches new trade deal with European Union
US reaches new trade deal with European Union

AU Financial Review

time37 minutes ago

  • AU Financial Review

US reaches new trade deal with European Union

Global pharmaceutical giants, including Pfizer and Johnson & Johnson, are paying a tiny fraction of the billions of dollars they earn from drug sales in local taxes, at a time when they're lobbying US President Donald Trump to force an overhaul of Australia's Pharmaceutical Benefits Scheme. An analysis of earnings statements filed with the corporate regulator by five of the biggest US and European drugmakers shows the companies on average pay between 2 per cent and 4 per cent of their Australian sales in income tax. The numbers may make for uncomfortable reading for drug multinationals as they step up efforts to loosen the PBS' grip on the pricing of key medicines.

Live updates: US and EU seal trade deal, Wall St has fifth record close, ASX response looks muted
Live updates: US and EU seal trade deal, Wall St has fifth record close, ASX response looks muted

ABC News

time37 minutes ago

  • ABC News

Live updates: US and EU seal trade deal, Wall St has fifth record close, ASX response looks muted

The US and EU have just completed a trade deal that will impose a 15 per cent tax on European imports into the US. The deal, described by US President Donald Trump as "the biggest ever made", mirrors a recent deal with Japan, which was also threatened with a much higher tax but settled for less. EU President Ursula von der Leyen said the deal would bring "stability". Meanwhile, a combination of solid corporate results and optimism about the US signing more trade deals before the August 1 "deadline" propelled Wall Street's S&P 500 and Nasdaq indices to record closes on Friday. The ASX response looks muted, with futures markets pointing to a marginal 0.1 per cent decline opening, ahead of Wednesday's important inflation figures. Follow the day's financial news and insights from our specialist business reporters on our live blog. Disclaimer: this blog is not intended as investment advice.

EU and US announce tariff deal to avoid spiralling trade war
EU and US announce tariff deal to avoid spiralling trade war

SBS Australia

time37 minutes ago

  • SBS Australia

EU and US announce tariff deal to avoid spiralling trade war

The United States struck a framework trade deal with the European Union on Monday AEST, imposing a 15 per cent import tariff on most EU goods, but averting a spiralling battle between two allies which account for almost a third of global trade. The announcement came after European Commission President Ursula von der Leyen travelled for talks with US President Donald Trump at his golf course in western Scotland to push a hard-fought deal over the line. "I think this is the biggest deal ever made," Trump told reporters after an hour-long meeting with von der Leyen, who said the 15 per cent tariff applied "across the board". "We have a trade deal between the two largest economies in the world, and it's a big deal. It's a huge deal. It will bring stability. It will bring predictability," she said. The deal, which also includes US$600 billion ($914.9 billion) of EU investments in the United States and US$750 billion ($1.1 trillion) of EU purchases of US energy over Trump's second term, will indeed bring clarity for EU companies. Even so, the baseline 15 per cent tariff will be seen by many in Europe as a poor outcome compared with the initial European ambition of a zero-for-zero tariff deal, although it is better than the threatened 30 per cent rate. German Chancellor Friedrich Merz welcomed the deal, saying in a statement that a trade conflict had been averted that would have hit Germany's export-driven economy and its large auto sector hard. But Bernd Lange, the German Social Democrat who chair's the trade committee of the European Parliament, said he was "quite critical" because the tariffs were imbalanced and the pledged $600 billion of investment would likely come at the expense of EU industry. The euro rose around 0.2 per cent per cent against the dollar, sterling and yen within an hour of the deal. The deal mirrors key parts of the framework agreement the United States clinched with Japan last week. Shipping containers and cargo ships seen in the port of Barcelona one of the biggest sea ports of Europe. Source: AAP / Davide Bonaldo / SOPA Images "We are agreeing that the tariff ... for automobiles and everything else will be a straight-across tariff of 15 per cent," Trump said. That rate will not, however, apply to steel and aluminium, for which a 50 per cent tariff will remain in place, although von der Leyen said it would be cut and replaced with a quota system. Von der Leyen said the rate also applied to semiconductors and pharmaceuticals, and there would be no tariffs from either side on aircraft and aircraft parts, certain chemicals, certain generic drugs, semiconductor equipment, some agricultural products, natural resources and critical raw materials. "We will keep working to add more products to this list," she said, adding that the situation on spirits was still to be established. Eric Winograd, chief economist at AllianceBernstein in New York, noted the similarity with Japan's US deal. "We will need to see how long the sides stick to the deal. From a market perspective, it is reassuring in the sense that having a deal is better than not having a deal," he said. Trump, who is seeking to reorder the global economy and reduce decades-old US trade deficits, has so far reeled in agreements with Britain, Japan, Indonesia and Vietnam, although his administration has failed to deliver on a promise of "90 deals in 90 days." He has periodically railed against the European Union, saying it was "formed to screw the United States" on trade. Arriving in Scotland, Trump said the EU wanted "to make a deal very badly" and said, as he met von der Leyen, that Europe had been "very unfair to the United States". His main bugbear is the US merchandise trade deficit with the EU, which in 2024 reached $235 billion, according to US Census Bureau data. The EU points to the US surplus in services, which it says partially redresses the balance. Trump also talked on Sunday about the "hundreds of billions of dollars" that tariffs were bringing in. On 12 July, Trump threatened to apply a 30 per cent tariff on imports from the EU starting on 1 August, after weeks of negotiations with the major US trading partners failed to reach a comprehensive trade deal. The EU had prepared countertariffs on 93 billion euros of US goods in the event there was no deal, and Trump had pressed ahead with 30 per cent tariffs. Some member states had also pushed for the bloc to use its most powerful trade weapon, the anti-coercion instrument, to target US services in the event of a no-deal.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store