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.