By Roberto Samora SAO PAULO (Reuters) -Brazil’s beef exports to the United States are seen falling further in September from the previous months, the head of local beef lobby Abiec said on Wednesday, in a move linked to higher tariffs imposed by President Donald Trump on goods from Brazil. Roberto Perosa said that beef exports to […]
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Brazil’s beef exports to US to fall further in September after tariffs, industry group says
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By Roberto Samora
SAO PAULO (Reuters) -Brazil’s beef exports to the United States are seen falling further in September from the previous months, the head of local beef lobby Abiec said on Wednesday, in a move linked to higher tariffs imposed by President Donald Trump on goods from Brazil.
Roberto Perosa said that beef exports to the U.S. should fall to about 7,000 metric tons in September, from around 9,000 tons in August and 30,000 tons per month in the period preceding the tariffs, which came into force in August.
WHY IT’S IMPORTANT
The U.S. used to be the second-largest buyer of beef from Brazil, the world’s largest exporter, only behind China. That changed last month, when Mexico took over the position after Trump imposed a 50% levy on U.S. imports of several Brazilian goods.
The fresh duties added to a 26.4% import tax faced by Brazilian beef that was shipped outside a previously established quota.
KEY QUOTES
“The loss of our second-largest market makes a difference,” Perosa said at an event hosted by consultancy firm Datagro. “But surprisingly, even with the 76.4% tariff, there are still exports to the U.S. because of the competitiveness we have gained.”
(Reporting by Roberto Samora in Sao Paulo; Writing by Andre Romani; Editing by Lisa Shumaker)