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Brazilian beef companies do not fear new Trump tariffs

Published Jan 22, 2025

Tridge summary

Brazilian beef companies do not anticipate new tariffs from the Trump administration to negatively impact them, due to the low U.S. cattle supply and a currently high tariff on Brazilian beef exports. Brazil, the world's largest beef exporter, sold $1.3 billion worth of beef products to the U.S. last year, despite a 26.4% tariff on exports above an annual quota of 65,000 tons. Brazil is optimistic about continuing to be a key beef supplier to the U.S., even as the two countries negotiate to potentially increase the tariff-free quota from 65,000 tons to 150,000 tons.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Ana Mano SAO PAULO (Reuters) - Brazilian beef companies do not expect to be hurt by potential new tariffs from the Trump administration, given the low U.S. cattle supply and a significant tariff already in place on such exports. Roberto Perosa, president of the Brazilian Association of Meat Exporters (Abiec), said in an interview on Wednesday that Brazilian beef exports outside an annual quota of 65,000 tons are already subject to a 26.4% tariff when entering the United States. His remarks suggest that Brazil, the world’s largest beef exporter, will remain a key supplier to the United States despite any protectionist rhetoric from the Trump administration. Brazilian companies exported $1.3 billion worth of beef products to the United States last year. “I think the U.S. is in a difficult cattle cycle, and (will continue to be so) for at least the next two years,” said Perosa, who heads the powerful beef association representing companies including JBS and Marfrig, both of ...
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