The trade war begins to impact the beef trade

The trade war announced and carried out by U.S. President Donald Trump began to shape—starting this week—a new scenario for international trade, from which beef will not remain immune. In fact, the entry into force of a 10% tariff increases by the U.S. on China prompted the Asian country to respond this Tuesday with a tariff hike on a range of agricultural products, which includes a 10% duty on U.S. pork and beef. A Chinese market operator told WBR that this measure should affect the import prices of grainfed beef, something that should benefit Australia in the short term, the other major supplier in this segment to China. Last year, the U.S. shipped 216,000 tons of beef to China/Hong Kong and another 467,000 tons of pork.