China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout 
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns 
U.S. Approves Over $6.5 Billion in Military Sales to Israel Across Three Defense Contracts 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns 
Minnesota Judge Rejects Bid to Halt Trump Immigration Enforcement in Minneapolis 
Christian Menefee Wins Texas Special Election, Narrowing GOP House Majority 
Kevin Warsh’s Fed Nomination Raises Questions Over Corporate Ties and U.S.–South Korea Trade Tensions 
Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets 
Australia has welcomed U.S. President Donald Trump’s recent decision to roll back tariffs on beef, a move expected to deliver meaningful benefits to Australia’s beef industry. Foreign Minister Penny Wong said the removal of tariffs on Friday—part of a broader rollback that included more than 200 food products—would help strengthen trade ties and support producers on both sides of the Pacific.
Trump’s decision comes at a time when U.S. consumers have grown increasingly concerned about rising grocery prices. With domestic beef production slumping, the United States has turned to international suppliers to help meet demand. Australia, which became the largest exporter of red meat to the U.S. in 2024, continues to provide competitively priced, lean beef cuts that remain especially popular among fast-food chains and large food processors.
Wong emphasized that the tariff rollback aligns with Australia’s long-standing support for open and mutually beneficial markets. She noted that Australia believes in expanding access to each other’s markets, arguing that such cooperation benefits both producers and consumers. While the beef tariff removal marks a positive development, Wong declined to speculate on whether the U.S. administration may next reconsider the 50% tariffs currently imposed on Australian steel and aluminium. The Albanese government has repeatedly advocated for relief on these sectors, but Wong simply reaffirmed that Australia would “keep advocating our position.”
The easing of beef trade tensions comes months after Trump publicly highlighted what he viewed as an imbalance in beef imports from Australia. Following record-high Australian beef exports to the United States—valued at around A$4 billion ($2.64 billion)—Australia announced plans to relax its own restrictions on U.S. beef imports in an effort to support smoother bilateral trade.
Since 1990, Australia has shipped between roughly 150,000 and 400,000 tons of beef annually to the United States, underscoring a long history of strong demand. With the latest changes, industry experts expect Australian beef exporters to gain even greater momentum in the U.S. market as trade barriers continue to ease.
