SAO PAULO, Jan 23 (Reuters): Brazilian beef companies do not expect to be hurt by potential new tariffs from President Donald Trump's administration because of low inventories of cattle in the US and a sizable tariff that already exists on these exports.
Roberto Perosa, head of the Brazilian beef exporters association ABIEC, said in an interview on Wednesday that Brazilian beef exports outside a 65,000-ton annual quota already are slapped with a 26.4 per cent tariff when entering the US
His remarks suggest Brazil, the world's largest beef exporter, will remain a key US supplier despite any protectionist rhetoric from the Trump administration.
Brazilian companies exported $1.3 billion worth of beef products to the US last year.
"I think the US is in a difficult moment relative to its livestock cycle, and (will remain so) at least for the next two years," said Perosa, who leads the powerful beef lobby that represents firms like JBS and Marfrig, both of which have US operations.
Brazil exported some 230,000 tons of fresh and processed beef to the US last year, up almost 66 per cent from 2023, with most of it paying the hefty tariff, Perosa said, citing trade data.
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