Why Are US Tariffs Targeting Australia's Remote Heard And McDonald Islands?
A surprising inclusion of the Territory of Heard Island and McDonald Islands on President Donald Trump's list of nations facing new trade tariffs has sparked widespread ridicule online, as the remote region is inhabited only by penguins.
While it initially appeared bizarre that these uninhabited islands would face a 10% tariff, there's more to the story than meets the eye.
Though the island's residents may not charge tariffs, as indicated in the president's chart, the U.S. does import a small amount of fish caught in their surrounding waters, mostly the high-value Patagonian toothfish and Mackerel icefish, News.com reported.
These fish, primarily caught by Australian companies, are exported to the U.S., where they are highly sought after, especially in fine-dining establishments.
Patagonian toothfish, known for its distinct flavor and high oil content, is especially prized for its ability to be cooked in various ways without losing........
© International Business Times
