What's on the table for Aussie grains under US President Donald Trump

Published Nov 11, 2024

Tridge summary

The Australian grains industry is closely monitoring the potential impact of the new US administration on its operations, with a focus on global trade policy, climate requirements, and farm chemicals. There are concerns that the proposed return to tariffs by the US could escalate trade tension with key partners like China, potentially increasing demand for Australian grain but also contributing to a more unstable global trading environment. Additionally, reports suggest that Robert F Kennedy Junior, who has advocated for restrictions in agricultural chemicals, may have a key role in US agriculture policy, which could impact US farmers and Australian growers alike. Other areas of concern include the US Farm Bill, geopolitical issues in Ukraine and the Middle East, and the potential impact of US crude oil prices on grain prices.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ukraine's hopes in the war against Russia will take a battering if the US withdraws support under its new administration. Photo via Shutterstock. The Australian grains industry is closely weighing up the myriad of areas where the new Donald Trump administration could have an influence on its operations. All articles from our website & app The digital version of This Week's Paper Breaking news alerts direct to your inbox All articles from the other agricultural news sites in your area From global trade policy to climate requirements right through to farm chemicals the Aussie industry is prepared for the unexpected on virtually every front, with pros and cons for Aussie growers on a variety of matters. GrainGrowers policy manager, trade and supply chain Annabel Mactier said the influence of the new Trump administration would be felt across a number of areas, with the ramifications on the industry to far outweigh the small amount of direct grain trade between the two countries. ...

Source: Queenslandcountrylife