Tariff uncertainty hit the Mercosur steer market

The threat by US President Donald Trump to impose a 50% tariff on imports of Brazilian products hit the average slaughter cattle price hard in Mercosur countries. Although there is time to negotiate until August 1 — when the additional rate would come into effect, raising the tariff on Brazilian beef to 86.4% — the market has already felt the impact, as has the exchange rate of the Brazilian currency.