Winner from USDA Action Against Brazilian Beef is American Sales to China — Panjiva
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Winner from USDA Action Against Brazilian Beef is American Sales to China

Ags - Meat/Dairy 268 Brazil 415 China 3047 Consumer Staples 804 Tariffs 1865 U.S. 5398

The U.S. Department of Agriculture has suspended Brazilian beef imports due to “recurring” safety issues. That follows a broader scandal around Brazilian exports in March. Yet, U.S. imports of fresh beef from Brazil are minimal at just $16 million or 1.4% of the total in the past 12 months. The issue is whether other markets follow suit. China is the biggest risk – Brazil’s exports have increased to $764 million from zero before August 2015. The move from the USDA comes just as U.S. beef exports to China have restarted under the 100 day trade improvement program.

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