With the price hike, a ton of beef from Brazil becomes $1,700 more expensive than Argentine beef.

The U.S. government imposed additional tariffs on Brazil amounting to 40%, which were added to the tariff already announced in April of 10%, meaning Brazilian products faced an additional tax of 50%. Rumors during the month of July pointed to the increasing possibility of a list of exceptions, which indeed materialized, with the announcement happening on the last day of July, the 30th. The initial perspective was that certain products not produced in the United States would be included in this list. In practice, the choices were different, with some important sectors being covered such as citrus, timber and cellulose, oil, and aircraft. However, there were some surprises regarding the absences, which could include coffee, cocoa, fruits, fish, and beef. Another point that was clarified by U.S. authorities was the addendum that products shipped until August 5, which land in U.S. ports until October 5, will be accepted without the additional 40% tariff. What was observed in the ...