logo
Global Demand for Australian Beef Surges During US-China Tariff War

Global Demand for Australian Beef Surges During US-China Tariff War

Epoch Times12-05-2025
Australian beef exports hit a new record in April amid the ongoing tariff war between the United States and China.
According to
This was an increase of 21 percent compared to the same period last year and the highest volume for April on record.
North America continued to be Australia's largest market for beef products, with the United States importing 37,213 tonnes (up 37 percent) and Canada 3,322 tonnes (up 40 percent).
In addition, grain-fed beef exports reached 37,037 tonnes, up 27 percent compared to April 2024 and the highest monthly volume ever recorded.
The MLA said Australian producers had been steadily developing their grain-fed beef supply for decades, and this increase in supply streamed into overall exports, lifting the whole sector.
Related Stories
4/7/2025
4/8/2025
China became the largest export market for Australian grain-fed beef, buying 62 percent more, or 12,151 tonnes, in April.
Meanwhile, Japan and South Korea also continued to show strong demand for Australian grain-fed beef as they imported 9,918 tonnes (down 8 percent) and 6,882 tonnes (up 46 percent), respectively, during the month.
Tim Jackson, a global supply analyst at MLA, previously said Australia continued to enjoy a strong reputation as a reliable supplier of high-quality red meat.
'The global supply landscape was favourable for Australia, with beef exports from the United States easing as the American cattle herd reached a 72-year low following years of drought,' he said.
'Global economic pressures continue to affect consumer confidence. However, high levels of trust and an industry-wide dedication to quality has driven demand for Australian red meat internationally.'
US Beef Exports to China Halt
According to
This was because the Chinese Communist Party (CCP) did not renew export registrations for several American beef facilities whose registrations expired in March.
U.S. Meat Export Federation, a peak industry body, also stated that U.S. beef exports to China had stopped due to Beijing's prohibitive duties of 147 percent.
Following the Trump administration's decision to raise U.S. tariffs on Chinese goods to 145 percent on April 10, the CCP retaliated by increasing tariffs on U.S. imports to
'Shipments already in the pipeline can still clear without the extra 125 percent tariff, provided they shipped before April 10 and arrive in China by May 13,' USMEF President and CEO
'But new business has been effectively halted until there is a de-escalation of the U.S.-China trade impasse.'
In a recent development, U.S. President Donald Trump hinted at reducing the tariff on Chinese goods from 145 percent to
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

BWX Technologies, Inc. (BWXT): A Bull Case Theory
BWX Technologies, Inc. (BWXT): A Bull Case Theory

Yahoo

time37 minutes ago

  • Yahoo

BWX Technologies, Inc. (BWXT): A Bull Case Theory

We came across a bullish thesis on BWX Technologies, Inc. on Stock Analysis Compilation's Substack. In this article, we will summarize the bulls' thesis on BWXT. BWX Technologies, Inc.'s share was trading at $143.37 as of July 23rd. BWXT's trailing and forward P/E were 45.66 and 44.44 respectively according to Yahoo Finance. Copyright: vencavolrab78 / 123RF Stock Photo BWX Technologies holds a uniquely dominant position in the nuclear reactor market, underpinned by its exclusive Nuclear Regulatory Commission Category 1 licensing that allows it to handle, store, and process highly enriched uranium in the U.S. This exclusivity secures BWX's monopoly on nuclear reactors and fuel for U.S. Navy submarines and aircraft carriers, making it an indispensable supplier to the defense sector. The company's portfolio extends beyond defense, offering a differentiated range of heavy nuclear components for commercial markets, further diversifying its growth avenues. Its long-term growth trajectory is strongly supported by a visible build schedule for U.S. Navy submarines and aircraft carriers, providing stable, recurring demand for its highly specialized nuclear technologies. Additional upside comes from Canada's planned investments into refurbishing, expanding, and constructing nuclear power plants, which could significantly expand BWX's addressable market. Moreover, the Trump administration's stated commitment to accelerating U.S. nuclear energy development presents a potential catalyst, positioning BWX to benefit from increased public and private sector investment in nuclear energy infrastructure. Together, these factors reinforce BWX's entrenched competitive advantages, predictable growth, and strategic importance in both defense and commercial nuclear markets. With its unparalleled licensing position, resilient demand base, and multiple structural tailwinds, BWX Technologies represents a compelling long-term investment case with limited competitive threats and considerable upside potential as the global nuclear renaissance gains momentum. Previously, we covered a bullish thesis on AeroVironment, Inc. by Stock Picker's Corner in January 2025, which highlighted rising global demand for UAVs amid heightened geopolitical tensions. The company's stock price has appreciated by approximately 69.43% since our coverage. This is because the thesis played out. The thesis still stands as defense budgets stay elevated. Stock Analysis Compilation shares a similar but emphasizes on BWX Technologies' monopoly-like nuclear defense position. BWX Technologies, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 52 hedge fund portfolios held BWXT at the end of the first quarter which was 55 in the previous quarter. While we acknowledge the potential of BWXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Sign in to access your portfolio

Economists doubt Trump outlook that US will sell 'so much' beef to Australia
Economists doubt Trump outlook that US will sell 'so much' beef to Australia

NBC News

time39 minutes ago

  • NBC News

Economists doubt Trump outlook that US will sell 'so much' beef to Australia

WASHINGTON/CANBERRA/CHICAGO, July 25 (Reuters) - President Donald Trump said the sell 'so much' beef to Australia after Canberra relaxed import restrictions on Thursday, but economists and traders said high prices and tight supplies make major American exports unlikely. Australia said it would loosen biosecurity rules for U.S. beef. The move will not significantly increase U.S. shipments, though, because Australia is a major beef producer and exporter whose prices are much lower, analysts said. U.S. companies export small quantities of beef to Australian buyers. They import much more in the form of lean beef used to make hamburgers, particularly as U.S. production has declined because of tight cattle supplies. U.S. beef prices set records this year after ranchers slashed their herds due to drought that burned up pasturelands used for grazing. The total herd size fell to 94.2 million head as of July 1, a record low for that date, according to U.S. Department of Agriculture data on Friday. A ban on cattle imports from Mexico because of New World screwworm, a devastating livestock pest, and steep tariffs on Brazilian beef that are set to take effect on Aug. 1 could further tighten meat supplies, and require additional imports of Australian beef. 'We can't get enough beef in the U.S. right now, so we're bringing it in from Australia and Brazil,' said Dan Norcini, an independent U.S. livestock trader. 'We're not going to be selling anything significant to anyone.' Last year, Australia shipped almost 400,000 metric tons of beef worth $2.9 billion to the United States, with just 269 tons of U.S. product moving the other way. 'They have more cattle than people,' said David Anderson, an agricultural economist at Texas A&M University. 'That's why they export so much.' Different taste U.S. and Australian beef also taste different. Many Australians like the grass-fed beef raised there, not marbled beef from U.S.-raised cattle that are generally fed with grain, said Jerry Klassen, chief analyst for Resilient Capital in Winnipeg. He predicted the United States will not export substantial amounts of beef to Australia in the next five years. 'We just aren't in a position to export much beef to anyone, and the reality is Australia doesn't really have much need for U.S. beef,' said Karl Setzer, partner at Consus Ag. The barriers that remain to exporting significant volumes of U.S. beef to Australia appeared to be lost on Trump this week. 'We are going to sell so much to Australia because this is undeniable and irrefutable Proof that U.S. Beef is the Safest and Best in the entire World,' Trump said in a post on Truth Social. 'The other Countries that refuse our magnificent Beef are ON NOTICE.' Trump has attempted to renegotiate trade deals with numerous countries he says have taken advantage of the United States, a characterisation many economists dispute. 'For decades, Australia imposed unjustified barriers on U.S. beef,' U.S. Trade Representative Jamieson Greer said in a statement, calling Australia's decision a 'major milestone in lowering trade barriers and securing market access for U.S. farmers and ranchers.' Australian officials say the relaxation of restrictions was not part of any trade negotiations but the result of a years-long assessment of U.S. biosecurity practices. Canberra has restricted U.S. beef imports since 2003 due to concerns about bovine spongiform encephalopathy (BSE), or mad cow disease. Since 2019, it has allowed in meat from animals born, raised and slaughtered in the U.S. but few suppliers were able to prove that their cattle had not been in Canada and Mexico. The U.S. sources some of its feeder cattle from the two neighboring countries. On Wednesday, Australia's agriculture ministry said U.S. cattle traceability and control systems had improved enough that Australia could accept beef from cattle born in Canada or Mexico and slaughtered in the United States. The decision has caused some concern in Australia, where biosecurity is seen as essential to prevent diseases and pests from ravaging the farm sector. 'We need to know if (the government) is sacrificing our high biosecurity standards just so Prime Minister Anthony Albanese can obtain a meeting with U.S. President Donald Trump,' shadow agriculture minister David Littleproud said in a statement. Australia faces a 10% across-the-board U.S. tariff, as well 50% tariffs on steel and aluminum. Trump has also threatened to impose a 200% tariff on pharmaceuticals. Asked whether the change would help achieve a trade deal, Australian Trade Minister Don Farrell said: 'I'm not too sure.' 'We haven't done this in order to entice the Americans into a trade agreement,' he said. 'We think that they should do that anyway.'

Trump and Newsom have made competing claims about California gas prices. We checked the facts.
Trump and Newsom have made competing claims about California gas prices. We checked the facts.

CBS News

time39 minutes ago

  • CBS News

Trump and Newsom have made competing claims about California gas prices. We checked the facts.

Californians are bracing for higher gas prices following an increase to the gas excise tax and regulatory changes to the state's fuel standards that went into effect on July 1. In response, Gov. Gavin Newsom's office published a series of fact checks on its website, aimed at countering what the governor has called a "concerted misinformation campaign" about the state's fuel costs. The effort comes as President Trump continues to blame California's environmental regulations and taxes for what he has described as the state's exorbitant gas prices. CBS News examined claims from the governor and president about the state's gas prices. Mr. Trump cited incorrect figures, and while Newsom's "fact checks" mostly hold up, some omit key context or rely on outdated data. Here's a breakdown of the findings. During a recent White House breakfast, Mr. Trump said, "Gas has gone to the lowest level in decades and you're seeing $1.99, $1.98. And I saw $1.95 at certain states," but in California, "You're at $6, $7, they just add taxes." Both claims are false. GasBuddy, a company that tracks gas prices nationwide, told CBS News that no state has averaged between $1.95 to $1.99 per gallon at any point this year. Auto club AAA also confirmed that no state average has fallen below $2. As for California, GasBuddy and AAA said the average price per gallon has not reached between $6 and $7 at any point this year. While individual gas stations may charge more, statewide averages have remained below that range. California's average gas price last topped $6 in October 2023, according to GasBuddy and AAA data. The state's all-time high was $6.43 on June 16, 2022, GasBuddy data shows. A White House spokesperson told CBS News that Mr. Trump's "energy agenda has restored gas prices to historic lows across the country," and argued that California and other blue states are seeing higher prices due to "radical climate policies and high taxes." On the governor's website, Newsom pushes back on a University of Pennsylvania prediction that gas prices would rise by 65 cents or more "in the near term." He argues that two policy changes that took effect in July –- an annual inflation adjustment and updates to the state's fuel standard — would likely increase prices by only a few cents per gallon. The governor is correct that the state's gas excise tax rose by 1.6 cents per gallon due to the inflation adjustment. While suppliers pay the tax, the cost is often passed on to consumers. However, Newsom cites an expert's outdated 5- to 8-cent-per-gallon figure when estimating the impact of changes to the state's Low Carbon Fuel Standard. That expert, Colin Murphy of the Low Carbon Fuel Policy Research Initiative at University of California, Davis, told CBS News he now estimates the impact to be around 8 to 9 cents per gallon. Still, Murphy said, an increase as large as 65 cents would require a "jaw-droppingly implausible combination of unlikely events." Newsom disputes disputes a prediction from one energy specialist that gas prices could spike to $8.43 per gallon in 2026 due to the closure of two key oil refineries in California. He said the projection, which he called "unscientific," comes from a May report by USC professor Michael Mische, whom Newsom says has ties to the oil industry and the government of Saudi Arabia. Mische noted in a statement to CBS News that his models would produce lower estimates today based on current information and other refinements to his calculations. He disputed the governor's claim that he had a conflict of interest, stating that his work for the Saudi Arabian government focused on its transition away from petroleum. Newsom cites experts from Stanford University's Institute for Economic Policy Research to support his claim that refinery closures would create negligible increases on gas prices. The analysis focused on the closure of a single refinery and found that while it would likely have little effect on gas prices, at the upper range of their estimate it could potentially raise prices by up to 15 cents per gallon. However, Reuters reported that California officials are now attempting to find a buyer for a refinery owned by Valero in Benicia, near San Francisco, to prevent its closure. The decision highlights concerns about the potential impact it could have on the fuel supply and prices. A July report from the U.S. Energy Information Administration, a semi-independent agency under the Department of Energy, projects a 17% loss in California's refining capacity with the closures of Valero's and Phillips 66's refineries in Benicia and Los Angeles, respectively. The agency said this supply loss won't be easily offset given the state's limited connectivity to other refinery hubs around the country. Although new state policies may help to limit price volatility, the EIA projects a "small increase" in West Coast retail gas prices next year due to the closures.

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