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flag U.S. absorbs tariffs on Australian beef as trade tensions rise, disrupting global markets.

flag Australian beef exporters are maintaining their prices despite a 10% tariff imposed by the U.S., causing U.S. importers and retailers to absorb the costs. flag High-value U.S. beef cuts are being ground into mince due to a lack of export opportunities to China, while Chinese demand for Australian beef has surged. flag Experts warn of potential tariff increases and the risk of a more chaotic global trade system.

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