LOCAL EFFECT OF US ELECTION RESULT

THE incoming US government’s pledge to protect its local industries including farming via tariffs has potentially clouded the future of agricultural exports from Australia into the USA, but this may be offset by the weakening local currency. Photo: SUPPLIED.

By Admin

November 25, 2024 | 4:00 PM

WHILE the wider implications of a new US administration under President Donald Trump for Australian agriculture will only become apparent over time, there are several key factors to watch for in the sector, particularly for grains and oilseeds, Rabobank said in newly-released commentary.

RaboResearch general manager, Stefan Vogel said that for Australian agriculture broadly, the most immediate effect may result from a new Trump administration’s impact on currency and, over the coming months, potentially trade.