Brazilian meatpackers rethink beef exports to US after tariffs, industry lobby says

Source: Reuters

Brazilian meatpackers rethink beef exports to US after tariffs, industry lobby says

Ana Mano
Tue, July 15, 2025 at 12:53 PM EDT 2 min read

RIO DE JANEIRO/SAO PAULO (Reuters) -Brazilian meatpackers are weighing whether to make new shipments of beef products to the United States after President Donald Trump announced a 50% tariff on Brazil last week, Roberto Perosa, president of Brazilian beef lobby ABIEC, said.

The United States is Brazil's second most important beef products market after China, according to trade data.

"New shipments are under analysis by the private sector due to the increase in tariffs," Perosa said on Tuesday.

The announcement of the tariffs affected Brazil's cattle market last week and on Monday, with companies sharply reducing purchases of animals because of the uncertainty related to the tariff announcement, said Alcides Torres, a beef market consultant with Scot Consultoria.

"The market turned cold," Torres said.

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