Australian Beef Tariffs Could Raise U.S. McDonald's Prices, Trade Minister Warns

Australia presses the U.S. for tariff exemptions as fears grow over potential price hikes on American fast food and economic strain on Australian farmers.

• U.S. tariffs on Australian steel and aluminum have already been imposed, with concern growing over potential new tariffs on beef and other agricultural products.
• Australian Trade Minister Don Farrell warned that tariffs on beef exports, primarily used in McDonald's burgers, could significantly increase prices for American consumers.
• Prime Minister Anthony Albanese criticized the tariffs as harmful to both nations, describing them as contrary to the spirit of U.S.-Australia relations.
• Farrell is engaging in negotiations with U.S. officials, aiming to develop a trade proposal that could secure exemptions from the Trump administration's protectionist policies.
• The opposition in Australia has criticized the government’s handling of the situation, while the government highlights its efforts to diversify trade relationships and remove prior trade barriers with China.

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