Impacted by U.S. tariffs, Brazil's beef exports to the U.S. plummeted by 60% compared to April.

The main reason for this decline is U.S. President Trump's announcement of additional tariffs on Brazilian goods: Starting from May, a 10% tariff will be imposed on Brazilian goods; Starting from August 1, the additional tariff will be increased to 50%. The change in tariff structure allows Brazil to export 65,000 tons of duty-free beef to the U.S. annually, which is usually consumed by the beginning of the year. After exceeding the quota: The traditional import tariff is 26.4%; Plus the 10% tariff imposed by Trump in April, the total tariff rate rises to 36.4%; Starting from August, it will increase to 76.4% (26.4% + 50%). ...