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Trump Looks to Increase Brazilian Meat Imports
Under the pressure of rising beef prices that led to increased inflation ahead of the U.S. midterm elections, President Donald Trump announced the approval to import 300,000 tons of minced meat at reduced tariffs. This move allows Brazilian meat exporters, especially companies like JBS and National Beef, to meet the growing American demand resulting from declining cattle numbers and reduced domestic supplies. The United States has become the largest importer of Brazilian meat, accounting for 16% of shipments in August. These American concessions come amid restrictions on Brazil's exports to China and the European Union due to environmental and health requirements. Brazil is expected to cover about two-thirds of the U.S. demand for lean minced meat, thanks to its competitive edge and the ample quantities available for the American market.
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