US President Donald Trump has backflipped on tariffs on beef - Australia's largest export to the United States.
The president signed an executive order to exempt a wide range of foods from his sweeping tariffs.
Top of the list is beef.
READ MORE: Aussie beef farmers cutting in on America's exports to China
Australia exports more than $2 billion worth of beef to the United States each year.
The executive order overturning the tariffs is retroactive, meaning importers will get a refund for the duties they paid.
Also included in the reversal are tomatoes, coffee and bananas, as well as a range of other tropical fruit not typically grown in the US.
The move appears to be an effort to address cost-of-living concerns in America.
Trump is under increasing pressure after making inflation the centrepiece of his election campaign.
READ MORE: Donald Trump demands investigation into Bill Clinton
Since taking office, prices on most everyday items have risen.
Senior House Democrat Richard Neal described the move as "putting out a fire that they started and claiming it as progress".
"The Trump Administration is finally admitting publicly what we've all known from the start: Trump's Trade War is hiking costs on people," he said.
"Every day that Trump's tariffs remain in place is another day that families, small businesses, farms, and manufacturers get crushed.
"It's time to end the entire Trade War and for House Republicans to let Congress restore its rightful authority."
Despite the tariff, Australian beef exports to the US have surged in 2025.
This is largely off the back of a decline in beef production in the United States, as well as much higher tariffs on other importers like Brazil.
American cattle herds are at their lowest level since the 1950s, while a series of wetter seasons in Australia has allowed farmers here to expand.
Also included on the list of tariff-exempted imports are coal, petrol and oil products, uranium and many other chemicals.
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