The US President, Donald Trump, announced a temporary removal of ground beef duties. The lifting of tariffs will last 90 days and provide access for 300,000 metric tonnes of beef.
The 25% reduction of ground beef cost is aimed at US consumers. Australian beef producers and exporter stand to benefit too from the removal of duties. However, the impact of the removal of the tariff will be minimal as countries in will ship into the next quota year.
The major concern for Australian beef exporters and producers is the ongoing super-saturation of the US imported lean trim market by Brazil. Prices of lean beef in the US have been dragged down by the excess volumes. Australian lean beef cannot compete competitively in current market due to the depressed prices.
