McDonald's may raise prices due to Australian beef tariffs
McDonald's may raise prices on popular items like the Big Mac due to new tariffs on agricultural products, particularly beef from Australia. Australia's Trade Minister warned that these tariffs could significantly increase costs for U.S. consumers. The tariffs, announced by President Trump, are set to take effect on April 2. Trump has stated that these measures aim to reclaim wealth lost to other countries, despite concerns about their impact on American consumers. Australian officials, including Prime Minister Anthony Albanese, criticized the tariffs, stating they will ultimately burden American buyers. Australia will not retaliate with its own tariffs, focusing instead on negotiating with U.S. counterparts.