FEAR & GREED | Business News US tariff exemption for beef; Gold Coast gets Trump Tower; warning for Mexico travellers
Feb 23, 2026
Discussion of possible US tariff exemption for Australian beef and wider trade uncertainty. Coverage of political pressure over Islamic State family returns. Report on a 91‑storey Trump Tower project for the Gold Coast. Analysis of Fair Work’s ruling over a Nazi salute dismissal. Warning issued about travel safety in Mexico after cartel violence.
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Australia Likely Keeps Beef Exemption From US Tariffs
- Australia likely keeps its US beef tariff exemption despite Trump's new 15% tariffs announced last week.
- Meat & Livestock Australia confirmed exemptions after talks with US counterparts and MLA MD Michael Crowley relayed the outcome.
Supreme Court Ruling Sparked Global Trade Confusion
- The Supreme Court ruling created major confusion about which tariffs and refunds apply, benefiting countries like China and Brazil more than long-term allies.
- Jemison Greer (US trade representative) said existing deals remain in place, but uncertainty persists over 10% vs 15% rates.
US Tariff Moves Pushed Australia Closer To EU Trade Deal
- The tariff turmoil is accelerating Australia-EU free trade progress, with Trade Minister Don Farrell saying talks advanced more in weeks than in 25 years.
- Farrell credited US policy shifts for bringing Australia and Europe closer on agriculture negotiations.