Australian wheat causing US ‘national security’ points, with Donald Trump urged to impose tariffs | Australian Markets
United States President Donald Trump is being urged to impose tariffs on Australia’s wheat exports, with the American industry arguing an over-reliance on imports was a risk to national security.
Joining the record of US agricultural our bodies urging Washington to slug Australian items with imposts, the Kansas Association of Wheat Growers – representing the nation’s greatest wheat growing state – wrote in a submission to the White House that imported important gluten and protein had “injured” US farmers.
Specifically itemizing Australia alongside the EU, Canada, Russia and China, the affiliation mentioned imported product had “decreased prices at the farm gate… and has caused unfair competition for domestic vital wheat protein manufacturers in the heartland of the United States” on the identical time as demand had elevated.
“Pressure created by these imports on US wheat protein markets has caused prices to fall, at times below production costs. US production has been forced to scale back, causing job loss and reduced demand and value of US grown wheat,” chief govt Justin Gilpin wrote.
He mentioned tariffs on imported what protein have been “minimal”, and that over $500m value of blends or mixes had impacted US producers and growers.
“Our American wheat industry is not only a food security issue but a national security issue that needs to be prioritised by our government. We ask for help so that imports of vital wheat gluten and wheat from unknown production areas stops negatively impacting our nation’s wheat farmers,” Mr Gilpin mentioned.
“We need help from our president in prioritising and embracing a national wheat security plan for our farmers and agriculture economy.”
In 2023, Australia exported $303m value of wheat gluten merchandise to the US, accounting for two.27 per cent of all exports.
American winemakers are additionally demanding Mr Trump punish Australia with new tariffs, with the California Association of Winegrape Growers criticising the Australian Government over the 29 per cent tax on wine gross sales as amongst a quantity of “unfair, non-reciprocal trade practices” disadvantaging US producers.
Australian beef producers are additionally within the firing line, with US industry heavyweights arguing Australia advantages from a free-trade settlement however doesn’t import enough of the merchandise.
Mr Trump is due to announce by April 2 plans to impose “reciprocal tariffs” on nations who impose what he considers “unfair trade practices”, like Australia’s GST.
The president can be being lobbied by large pharma – who’ve accused Canberra of making it too troublesome for overseas corporations to record medication on the PBS, and US tech giants – who’ve labelled Australia’s News Media Bargaining Incentive as “coercive”.
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