If the US market had already been somewhat slower in recent weeks due to certain excess supply from different suppliers and calmer buying interest from some major importers, the announcement and immediate reversal by Donald Trump’s administration to reduce the 26.4% out-of-quota tariff on beef imports from all suppliers in order to ease domestic prices (see North America) “generated more noise” and “paralysis” in the market, according to a regional broker. “Some importers were already talking about renegotiating contracts when the postponement of the measure emerged. Everything is very confusing and difficult to manage,” acknowledged the source.
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