Rabobank warns Trump's potential presidency could harm Aus and NZ agriculture due to tariffs and inflation.

Rabobank warns that Donald Trump's potential return to the White House could negatively impact Australian and New Zealand agriculture. The bank predicts that increased US tariffs and higher inflation could slow global economic growth. While a stronger US dollar may boost exports of grain, dairy, and beef, increased tariffs could reduce demand from Asian markets. The report advises Australian and New Zealand agribusinesses to diversify products and markets to navigate these changes.

November 24, 2024
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