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.

Rio de Janeiro

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

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The United States is facing potential increases in beef prices after President Donald Trump imposed a 50% tariff on Brazilian exports, with beef not included among nearly 700 exempted products. Due to a domestic cattle shortage, U.S. beef processors have relied on Brazilian lean beef, particularly for hamburger production, and restaurants are now preparing customers for possible price hikes.

Brazil estimates that over a third of its exports to the U.S. by value will be affected by the new tariffs. The Brazilian beef industry expects to lose up to $1.5 billion in sales, with industry representatives warning that the tariffs make sales to the U.S. nearly impossible. The move has caused concern among both Brazilian exporters and U.S. businesses that depend on imported beef.

U.S. faces beef price hikes under Trump's new Brazil tariffs

Price hikes of beef could soon be on the horizon in the United States. A shortage of cattle in the country has increased demand for imports of beef from Brazil, according to trade data. But on Wednesday, beef did not appear on a list of nearly 700 exceptions to the 50% tariff U.S. President Donald Trump imposed on Brazil's exports. U.S. beef processors have relied on Brazilian lean beef to meet demand, especially for hamburgers. Now, restaurants like Illinois Bar and Grill in Chicago are preparing customers for possible price hikes. Manager Olga Denton says the place is known for its juicy 13 ounce burgers. We give you a quantity and quality in the same. Even if the price goes up a little bit, we've never go down on our portions. We always have a big portions and that's what people like and we're trying to keep it this way. While the tariff exemptions cover major Brazilian exports like aircraft, iron ore and orange juice, the country estimates that 35.9% of its sales to the U.S. By value will be hit by the new tariff. Economist Gilberto Braga from Brazil's I.B.N.E.C. University described the move as targeted. We can say that it was a very surgical selection in that the United States chose the most important products for them and also for the Brazil's export agenda. In Brazil, beef lobby group Abra Frigo says the new tariffs make sales to the U.S. Impossible, adding that beef exporters may lose $1.5 billion in sales at the end of the year. At his butcher's shop in Rio de Janeiro on Thursday, William Amaral Maciel was worried. We're very afraid of this issue because we're left wondering what to do, how to act, and people are a bit scared.

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U.S. faces beef price hikes under Trump's new Brazil tariffs

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