Part 4/10:
The implications of increased tariffs are significant. Australia has already made concessions, such as returning beef exports to the U.S., which the government claims is primarily for biosecurity reasons. However, critics argue that political motives may also be at play, and that tariff hikes could be used as bargaining chips in broader negotiations.
The potential for tariffs rising to 15-20% raises concerns about the viability of Australian exports, especially in the agricultural sector. Beef, which has recently been reintroduced, might face higher costs if tariffs increase further.