Beef and wine exporters from Australia could become bigger players in the US market as hefty trade tariffs are slapped on their market rivals.
Australian exporters could cash in on the US market as their major competitors are slapped with higher tariffs.
Some of America's most important trading partners have had their confidence shaken after President Donald Trump threatened a slew of increased tariffs over the weekend.
From August 1, goods from Brazil would be subject to a 50% tariff - up from 10% - while items from the European Union would be hit with a 30% levy - up from the pre-announced 20 per cent rate.
But Australia is yet to receive notice of a new tariff rate, meaning most products sent to the US remain at the baseline 10%.
"It will give us, in some sense, an unfair playing advantage," Monash University economics lecturer Isaac Gross said.
