The National Farmers' Federation (NFF) is deeply disappointed in the United States' decision to impose a new 12.5 per cent tariff on Australian exports, replacing the existing 10 per cent tariff that was scheduled to expire today.
The new, increased tariff represents a further and unnecessary trade barrier between two trusted allies with a long-standing agricultural and economic partnership underpinned by the Australia-United States Free Trade Agreement, which provides for zero tariffs on two-way trade.
NFF Chief Executive Officer Michael Guerin said the decision was a step in the wrong direction.
"Australian agriculture is profoundly disappointed by this announcement," Mr Guerin said.
"Rather than moving back towards the free and fair trading arrangements that have served both our countries well for two decades, the United States has chosen to further increase barriers to trade, despite Australia's longstanding record of high standards and responsible trade.
"The increase from 10 per cent to 12.5 per cent adds further challenges for Australian exports, particularly given a number of other economies received a lesser tariff of 10 per cent.
"The NFF has long championed free and fair trade, not just for agriculture but all industries, recognising its role in global economic growth, stability and food security. Australian agriculture is unwavering in its commitment to this."
Mr Guerin said Australian agriculture remained committed to a considered and measured approach.
"Australia's interests are best served by pursuing open markets, maintaining our reputation as a trusted and responsible trading partner, and continuing to strengthen our trading relationships around the world.
"While some major agricultural exports appear to remain exempt, including Australian beef, today's decision is nevertheless a disappointing setback for Australian exporters.
"Australian farmers are among the least subsidised in the world and have built a global reputation for producing high-quality, sustainable and reliable food and fibre.
"We will continue working with Government and industry to ensure Australia's trade interests are protected and to expand opportunities in markets that value the quality and integrity of Australian agricultural products."
