Economists Doubt Trump Outlook that US Will Sell 'So Much' Beef to Australia
U.S. President Donald Trump said that the United States would sell "so much" beef to Australia after Canberra relaxed import restrictions on Thursday, but economists and traders said that high prices and tight supplies make major American exports unlikely. Australia said it would loosen biosecurity rules for U.S. beef.
The move will not significantly increase U.S. shipments, though, because Australia is a major beef producer and exporter whose prices are much lower, analysts said. U.S. companies export small quantities of beef to Australian buyers...
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