Beef, one of Australia's largest exports to the US, is among hundreds of food products now exempted from trade tariffs imposed by President Donald Trump, according to an executive order signed on Friday.
The order is in response to concerns about persistently high grocery prices in the US, marking a sharp reversal for the president, who long insisted his import duties were not fuelling inflation.
Mr Trump up-ended the global trade system earlier this year by imposing 10 per cent base tariffs on imports from every country, plus additional specific duties that varied betw
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