China's de facto ban on U.S. beef is activating Australian livestock farmers and exporters; according to the latest Australian government figures, beef exports surged 35% in the first seven months of this year, reaching 10 billion Australian dollars. Experts analyze that China's de facto ban on U.S. beef reveals a new aspect of the U.S.-China trade war, with China hitting the U.S. agricultural sector by quietly refraining from publicly announcing and renewing export permits. This has presented an unexpected opportunity for Australia, as the Australian beef industry, which suffered heavy losses due to diplomatic disputes with China five years ago, has now become the biggest beneficiary of the U.S.-China conflict. China is seeking alternative sources of beef to the U.S., and the U.S. is increasing import demand due to drought shortages in its own beef, so Australia is increasing exports to both the Chinese and U.S. markets. Moreover, Brazilian beef, which was the main importer of the U.S., is subject to a 50% tariff, while Australia only applies a basic 10% tariff in the U.S. market, giving Australia a significant competitive edge. The global rise in beef prices is also benefiting Australian farmers, with the United Nations Food and Agriculture Organization's beef index reaching an all-time high . With this record, Australian farmers are now able to sell their products at higher prices. Ultimately, Australia expects Trump's trade policies to have a positive overall impact on the Australian economy across various industries beyond beef.
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