Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
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Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
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Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Brazil’s beef exports to the United States are expected to decline sharply in September, following steep tariffs imposed by President Donald Trump. According to Roberto Perosa, head of the Brazilian Beef Exporters Association (Abiec), shipments will fall to about 7,000 metric tons, compared with 9,000 tons in August and 30,000 tons per month prior to the tariffs.
The U.S. had been Brazil’s second-largest beef buyer, behind China. However, after Trump introduced a 50% levy on several Brazilian imports in August, Mexico surpassed the U.S. as Brazil’s number two beef market. The new tariff comes on top of an existing 26.4% import tax for beef shipped outside quota limits, creating an overall duty of 76.4%.
Despite the steep costs, exports continue, highlighting Brazil’s global competitiveness. “The loss of our second-largest market makes a difference,” Perosa noted at a Datagro event. “But surprisingly, even with the 76.4% tariff, there are still exports to the U.S. because of the competitiveness we have gained.”
The decline underscores shifting trade dynamics in the global beef industry. While China remains Brazil’s top destination, the loss of the U.S. market represents a significant challenge for producers. Mexico’s rise as a major buyer offers some relief, but the higher costs in the U.S. market could reshape long-term export strategies.
Brazil remains the world’s largest beef exporter, leveraging efficiency and price advantages to maintain a strong international presence. However, escalating trade barriers in the U.S. add uncertainty to future growth, raising concerns over potential impacts on revenue and market diversification.
