Australian cattle farmers react to new US tariffs

While no one in the local cattle industry wanted these tariffs, most exporters in New South Wales are still confident.

Transcript

00:00While President Trump dubbed it Liberation Day, local farmers were just glad it didn't

00:06turn into Doomsday.

00:08Australia's ever resilient farming community has largely taken this news of the 10% tariffs

00:12on the chin today.

00:13Of course, up in Western Queensland, front of mind for them is the devastating flooding

00:18they're enduring.

00:19Down in South Australia, it's a different story.

00:21They're in the grips of a major drought.

00:24Agricultural market analysts say this tariff is wearable and that we will still largely

00:29be more affordable than America's own domestic beef product.

00:33That's due to drought in the US, leading to higher cattle prices and in turn, higher beef

00:37prices.

00:38It's up to the American consumer what they're going to do in terms of demand.

00:41No tariff is good for anyone.

00:44Someone's got to take the hit in the supply chain and hopefully it's not us.

00:49And hopefully the demand from other countries will pick up where America's slackens off.

00:53So plenty of hope there will still be strong demand for Australian beef in America and

00:57beyond.