Brazil prepares for U.S. tariff; redirects meat shipments

About 30,000 tons of Brazilian beef were in ports ready to be sent to the United States or were already on ships en route to . . .

Some 30,000 tons of Brazilian beef were in ports ready to be shipped to the United States or were already on ships en route to the country when U.S. President Donald Trump announced a 50% tariff on Brazilian products starting August 1 (it was announced this Tuesday that the entry into force is postponed by seven days). Some of these shipments continued to the United States and were also redirected to destinations such as Mexico, as reported by Valor. This Tuesday, Roberto Perosa, president of the Brazilian Association of Meat Exporting Industries (Abiec), declared that the meat industry is expected to suffer a negative impact of $1 billion due to the loss of approximately 200,000 tons of exports to the United States planned for this semester. From January to June of this year, Brazil sold 181,500 tons to the United States and obtained revenues of $1.04 billion from these shipments. “We were sending between 15,000 and 25,000 tons of beef to the U.S. per month and expected to export ...