Uruguay: Trade expectations with the US under the new Trump administration

Published 2024년 12월 30일

Tridge summary

During a potential second term, Donald Trump's administration is expected to significantly influence Uruguay's livestock industry. The United States, being the fastest-growing market for Uruguayan exports, faces a critical period with declining domestic meat production and a scarcity of immigrant labor. Despite challenges such as high corn prices, droughts, and potential trade wars, the industry remains buoyed by strong demand. The outcome hinges on political decisions, ethanol use in fuel, and international relations, particularly with China and the European Union. Meanwhile, Uruguay remains hopeful for beef exports to the US, especially given declining exports to China, and anticipates stable prices if the internal US situation does not improve.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Donald Trump's second term will have a significant impact on Uruguay's livestock industry. The United States has been the fastest-growing destination for Uruguayan exports, but livestock in that country is facing one of its biggest crises in decades, with livestock stocks at alarming levels. Added to this problem is the shortage of immigrant labor, essential for working on ranches and, especially, in the meat industry. During his campaign, Trump surprised by entering a McDonald's in Pennsylvania and cooking French fries in the chain's uniform, demonstrating that meat is an essential food, and there is no doubt that he will try to reverse the decline in local meat production. Although he was unsuccessful with Trump Steaks, a failed venture in 2006, interest in meat remains central to his agenda. Now, at a time of scarce livestock and breeding cows at minimal levels, Trump could find the opportunity to relaunch the industry, especially if consumption remains strong. However, ...

Source: Eltelegrafo