AAP has some fast response to the tariff announced on Australian beef:

Australian Meat Industry Council chief executive Tim Ryan said Australian beef producers play a critical role in feeding American consumers as there is a shortfall of meat which won’t change overnight.

“The global demand for high-quality Australian red meat continues to grow, and our supply chain is well-positioned to respond to shifts in the international trade landscape,” he said.

The shortfall Ryan is talking about is because the US has been in drought, which means there own beef production has been down.