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EN
Trump tariff threatens Brazil beef imports, fuels price hike
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The Cattle Site
The tariff would slash imports of Brazilian beef and force companies to seek supplies from other nations as Trump is broadening his global trade war, analysts said.
"If it does not get modified, you just cease the importation of Brazilian beef to this country," said Bob Chudy, a consultant for US companies that import beef.
The 10% tariff already started slowing US beef imports from Brazil in June, traders said.
The tariff forces importers to pay more for Brazilian beef or source it from other, higher-cost suppliers, said Austin Schroeder, commodity analyst for Brugler Marketing & Management.
"There's not going to be a whole lot of Brazilian beef coming this way," said Altin Kalo, chief economist at Steiner Consulting Group.
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