Brazilian companies reacted with a mix of relief and doubt after the White House surprised them with a list of nearly 700 exceptions to the 50% tariff U.S. President Donald Trump imposed on the country's exports from August 6, but beef was not among them.
Breakdown
- U.S. faces potential beef price hikes due to new tariffs on Brazilian exports.
- Beef was not included in the list of nearly 700 tariff exemptions. 14s
- U.S. restaurants and beef processors rely on Brazilian lean beef, especially for hamburgers. 22s
- Brazil estimates 35.9% of its U.S. export value will be affected by the tariffs. 1m 0s
- Brazilian beef exporters may lose $1.5 billion in sales due to the tariffs. 1m 34s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.