Geez, these Tariffs are helping the US of much
A US expat living in China made a surprising discovery at a local supermarket, signalling a major shift in the favour of Australia amid an increasingly unstable global environment.
Garrett, who is originally from Boston but lives in Shanghai, told Yahoo News he was recently grocery shopping when he stumbled upon a packet of minced beef from Australia.
While that might not mean much to many, it comes just one month after the Trump administration sent shockwaves through the entire world when he announced reciprocal tariffs on just about every country on April 2, a day he called "Liberation Day".
Australia's beef industry was singled out by Trump declaring, " Australia & other countries can make no benefit from the Tariffs.
But the announcement also caused a grinding halt to America's $4.5 billion beef trade to China — after the country copped the largest tariff of 145 per cent. China countered imposing tariffs on US imports of 125 per cent.
The price pressure on US meat exports followed China not renewing the registration of hundreds of US meat facilities. These factors have combined to halt US beef imports into China, and Australia's beef industry has benefitted significantly with it set for a record-breaking $16.9 billion in sales in 2024–25, a 19 per cent increase from the previous record set the year prior.
Garrett, who is originally from Boston but lives in Shanghai, told Yahoo News he was recently grocery shopping when he stumbled upon a packet of minced beef from Australia.
While that might not mean much to many, it comes just one month after the Trump administration sent shockwaves through the entire world when he announced reciprocal tariffs on just about every country on April 2, a day he called "Liberation Day".
Australia's beef industry was singled out by Trump declaring, " Australia & other countries can make no benefit from the Tariffs.
But the announcement also caused a grinding halt to America's $4.5 billion beef trade to China — after the country copped the largest tariff of 145 per cent. China countered imposing tariffs on US imports of 125 per cent.
The price pressure on US meat exports followed China not renewing the registration of hundreds of US meat facilities. These factors have combined to halt US beef imports into China, and Australia's beef industry has benefitted significantly with it set for a record-breaking $16.9 billion in sales in 2024–25, a 19 per cent increase from the previous record set the year prior.
36-40, M
