The Brazilian meat industry foresees an impact of 1,000 million dollars as a result of the 50% tariff that the United States imposed on Brazilian imports, according to the president of the Brazilian Association of Meat Exporting Industries (ABIEC), Roberto Perosa.
This amount corresponds to the nearly 200,000 tons that Brazil estimated to export in the second semester to the American market, which represents the second largest destination of bovine meat exports in the South American country, behind China.
However, the president of the employer, who groups 45 companies in the sector responsible for 98 % of bovine meat exported by Brazil, told journalists, in Brasilia, who “continues to believe in negotiations” to “resume the normal flow of trade.”
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And he believes that it is necessary to “explain” to the United States that Brazilian bovine meat complements the production of the United States and that this rate “will have an inflationary impact for the people” of the United States.
In case it is not possible to continue marketing “without the rate”, it is likely that Brazilian companies that belong to the meat industry “explore new market possibilities, such as Japan, South Korea and Turkey,” said the representative.
Although he confirmed that “there is no possibility” of diversifying other markets in the short term and that the factories already stopped producing meat specifically for the United States.
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“Everything and any company to which they eliminate the possibility of providing for its second largest client will go through a period of difficulty,” said Pig.
The US president, Donald Trump, signed on Wednesday the executive order that establishes a 50% tariff on Brazilian imports, although he included hundreds of exceptions, including aviation pieces, orange, mineral and cellulose juice, sectors with strong links with the US economy.
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