Brazilian beef exporters could face a $1 billion hit to sales in the second half of 2025 if US President Donald Trump moves forward Friday with a plan to impose 50% tariffs on the country’s exports, according to industry group Abiec,

By Ana Mano SAO PAULO (Reuters) -Brazilian beef-packers' lobby Abiec, which represents companies including JBS and Marfrig, on Tuesday estimated losses of $1 billion if the United States applies a 50% tariff on Brazilian exports.

Brazilian President Luiz Inácio Lula da Silva says that his government has not been successful in trying to negotiate the 50% tariff on Brazilian imports that U.S.