Rabobank warns Trump's return could impact Australian and New Zealand agriculture

Rabobank reports that Donald Trump's return as U.S. President could impact Australian and New Zealand agriculture. Expected U.S. policy changes may disrupt trade relationships and increase costs for consumers and businesses, creating a complex global food trade environment. The report highlights potential benefits for Australian and New Zealand exports due to a stronger U.S. dollar. However, increased U.S. tariffs on countries with trade surpluses could negatively affect those exporters, leading to reduced demand for imports from Australia and New Zealand. Geopolitical shifts may also push Australia and New Zealand to align more closely with the U.S., which could threaten their exports to China. Rabobank advises the agribusiness sector to focus on profitability and market diversification to adapt to these changes.