Cattlemen’s Association chief executive Romy Carey says NT’s red meat market unlikely to be affected by Trump’s 10pc tariffs
US President Donald Trump’s latest round of tariffs have drawn the ire of Australian leaders. But what impact will they have on the Northern Territory’s meat market?
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US President Donald Trump’s latest round of tariffs are unlikely to affect the Northern Territory’s meat market despite initial concerns, the chief executive of the Cattlemen’s Association says.
Australia will be subject to a 10 per cent reciprocal tariff, Mr Trump announced Thursday, signalling potentially big impacts on Australian beef.
The US, which took home a record 395,000 tonnes of Australian beef last year, is Australia’s largest red meat market.
NT Cattlemen’s Association chief executive Romy Carey said she did not anticipate the international beef market to see significant change.
“The tariffs were applied to everyone, no country has a competitive advantage in this,” she said.
“It could have been a disaster if another country was given an exemption or a competitive advantage, or if we had higher tariffs imposed on us, but they weren’t.
“It’s still an even playing field.”
As noted by Mrs Carey, many countries will be hit much harder than Australia — a number of Asian countries, for example, were hit with tariffs greater than 30 per cent.
The US’ second largest meat market is Brazil, which was also hit with a 10 per cent tariff.
Mrs Carey said it should not come as a surprise tariffs have been placed.
“Trump’s not very good at keeping secrets,” she said.
“We knew he was going to place tariffs, we should not be surprised.”
NT Treasurer Bill Yan, who is understood to have not spoken to the cattle industry yet, told reporters on Thursday the long-term impacts of the tariffs was not clear at this stage.
“Well, it’s certainly going to have an effect on our cattle industry here in the Territory,” he said.
“We export quite a lot of beef to the US and we don’t import any beef.
“So these import tariffs, I think, will have an effect on cattle producers here in the Northern Territory.
“What that effect is going to be longer term? We’re unsure yet.”
Mr Trump’s decision to impose reciprocal tariffs came as a response to Australia’s ban on US beef, which has been in place since 2003 after an outbreak of mad cows disease in the US.
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Originally published as Cattlemen’s Association chief executive Romy Carey says NT’s red meat market unlikely to be affected by Trump’s 10pc tariffs
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