Beef producer Ross Svenson on 'Trump Tariffs' and cattle trade impact

Ross Svenson, Tarwin Lower cattle buyer and beef producer talks about the potential "Trump tariffs" to Andrew Miller

Transcript

00:00Trump's talking about introducing tariffs on Liberation Day on April 2nd.

00:05What sort of impact do you think that'll have on Victorian beef producers?

00:09You've got to be aware of it, but the impact, there's nothing we can do as producers.

00:14We've just got to work with it and work around it,

00:17and just like managing the weather, it's just another obstacle to manage.

00:23Do you think it will have an impact on sales, a 25% increase in the cost of beef in America?

00:30Yes, everything will have an impact on sales, but it's increasing the gap of those

00:36with the have and have-nots, so it'll force more people to eat prepared meals, as in McDonald's.

00:44But there's nothing we can do, we've just got to duck and weave and manage it as it happens.

00:49How do you do that then, what's your best advice?

00:53You've just got to be aware of the markets, and sometimes it goes down, but over 12 months

00:58everything averages out and resets a new value.