Trump Tariffs Reroute Brazilian Beef to Mexico
Mexico has overtaken the U.S. as the second largest importer of Brazil's beef after the imposition of tariffs by President Donald Trump on August 6 affected shipments from the world's largest exporter, Brazilian beef lobby Abiec said on Wednesday.Brazilian beef, which was already subject to a U.S. import tax of 26.4% outside of an exempt quota, now faces an additional 50% levy.Between August 1-25, Brazil exported 10,200 metric tons of beef to Mexico worth $58.8 million, according to Abiec data. Shipments from Brazil to the U.S.
For the First Time in 50 Years, Live Cattle Exports OKd from Argentina
The Argentine government has authorized the export of live cattle for slaughter, reversing a prohibition that had been in place for over five decades, after the country's beef exports last year reached their highest level in a century.Argentina, famed for its beef cuts and traditional asado barbecue, is a ranching and farming powerhouse and a major exporter of processed soybeans, corn and wheat.Sales from the country's agricultural sector to foreign markets provide the largest source of hard currency for central bank coffers…
