Peixe BR: with the tariff hike, export of tilapia from the country should practically come to a halt in the 2nd half of the year

Brazil's export of tilapia increased by 52% in volume, to 8,000 tons, in the first half of the year compared to the same period last year. In revenue, the exports amounted to US$ 36 million, with 95% of the shipments destined for the United States, according to a statement by the association that represents the sector in the country, Peixe BR. However, external shipments may be virtually zeroed in this semester after the 50% tariff imposed by the United States government on Brazil - and tilapia, the main exported fish, was not excluded. According to the president of Peixe BR, Francisco Medeiros, before the tariff, the expectation was that the volume would grow throughout the year, with Brazil leading shipments to the Americans. "But the recent announcement by the American government has altered the projections," laments the executive. The 40% tariff, which was added to the 10% set in April by the US, came into effect on August 6. Medeiros adds that the 50% tariff should result in ...