Australian Beef Tariffs Could Drive Up U.S. McDonald’s Prices

Australia’s trade minister warns U.S. tariffs on beef exports may significantly impact American fast food prices and Australian farmers.

U.S. tariffs on Australian beef exports could increase the cost of McDonald’s hamburgers, as much of the imported beef is used in their products.
Trade Minister Don Farrell criticizes the tariffs as harmful to both Australian farmers and American consumers, calling them counterproductive.
The Australian government is seeking exemptions from the Trump administration’s broader tariff agenda, which has already imposed a 25% tax on Australian steel and aluminum.
Prime Minister Anthony Albanese argues that tariffs function as a tax on American buyers and has faced criticism for not directly lobbying President Trump for exemptions.
Australian officials are exploring trade diversification efforts with other countries to mitigate the impact of potential U.S. tariffs on agricultural exports.