United States President Donald Trump’s newly announced tariffs of 50 percent on Brazilian imports could drive up beef prices for US consumers.
Unless the White House delays or reverses course, the tariffs are set to take effect on August 1.
After China, the US is the second-largest importer of Brazilian beef. Brazil is currently the fifth-largest source of foreign beef for the US, and its share has grown in the past year, accounting for 21 percent of all US beef imports.
That surge has…
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News Source: www.aljazeera.com
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