SAO PAULO, May 5 (Reuters) – Brazil’s beef exports could drop 10% in 2026 from the year before due to China’s 55% tariff on beef imports that exceed quota levels, lobby group ABIEC president Roberto Perosa said on Tuesday. Speaking to journalists, Perosa also said that the country’s beef production aimed at China is expected […]
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Brazil’s beef exports could drop 10% in 2026 due to Chinese tariffs, says lobby ABIEC
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SAO PAULO, May 5 (Reuters) – Brazil’s beef exports could drop 10% in 2026 from the year before due to China’s 55% tariff on beef imports that exceed quota levels, lobby group ABIEC president Roberto Perosa said on Tuesday.
Speaking to journalists, Perosa also said that the country’s beef production aimed at China is expected to halt around June. China, which is Brazil’s top trading partner, imposed the tariff this year in a move to protect its domestic cattle industry.
(Reporting by Roberto Samora; Writing by Fernando Cardoso, Editing by Franklin Paul)