US Tariff Impact on Imports and Exports
News Context
At a glance
- The increase in united States Tariffs on Brazil will modify world commercial flows of beef, causing an increase in shipments to the largest economy in the world of...
- Brazil is the largest world exporter of beef, with China being its main commercial partner.
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Tariff effects
Brazilian beef helps to keep Mexican inflation under control, according to the Secretary of Commerce of the Ministry of Agriculture of brazil, Luis Rua
Photo: Reuters
The increase in united States Tariffs on Brazil will modify world commercial flows of beef, causing an increase in shipments to the largest economy in the world of countries such as Mexico and Australia, while the South American country seeks alternative markets, analysts said.
Brazil is the largest world exporter of beef, with China being its main commercial partner. In August,Mexico surpassed USA to become its second largest export destination of this product.
“It is indeed very likely that countries that can triangulate the Brazilian meat increase your