Brazil beef-packers estimate $1 bln in losses if U.S. tariffs apply
ReutersJul 29, 2025 6:22 PM
SAO PAULO, July 29 (Reuters) - Brazilian beef-packers' lobby Abiec, which represents companies including JBS JBSS3.SA and Marfrig MRFG3.SA, on Tuesday estimated losses of $1 billion if the United States applies a 50% tariff on Brazilian exports.
The U.S. is Brazil's second biggest beef export destination after China. Speaking at a live event, Roberto Perosa, head of Abiec, said sector representatives are having talks with lawmakers in the U.S. hoping they can help avert enforcement of new tariffs from Aug 1.
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