- Joined
- Aug 9, 2012
- Messages
- 33,176
- Reaction score
- 217,273
"The looming threat of US tariffs on Australian beef could drive up the price of McDonald's in America, Trade Minister Don Farrell has warned.
"The significance, of course, to the US about our beef exports is that most of it goes into McDonald's hamburgers," Farrell said today.
"If you push up the price of those beef exports by 25 per cent or 10 per cent or whatever the figure is, then you push up the price of hamburgers."
"It doesn't make any sense," he added.
Under the current rules, Australian exporters can export 448,214 tonnes of beef to the US at a zero tariff rate."
www.9news.com.au
"The significance, of course, to the US about our beef exports is that most of it goes into McDonald's hamburgers," Farrell said today.
"If you push up the price of those beef exports by 25 per cent or 10 per cent or whatever the figure is, then you push up the price of hamburgers."
"It doesn't make any sense," he added.
Under the current rules, Australian exporters can export 448,214 tonnes of beef to the US at a zero tariff rate."