Brazil’s beef exports to China are on the rise as part of the Asian nation’s larger strategy to avoid agricultural goods from the United States amid their ongoing trade dispute.
Brazil’s beef exports to China rose 38.3 percent in September from a year earlier, reaching 187,340 tonnes, the industry group Abrafrigo said on Wednesday, helping push total monthly exports to a record high.
Global demand for beef has helped Brazil offset the impact of US tariffs on its exports, Abrafrigo said. In August, the administration of US President Donald Trump imposed a 50 percent tariff on several Brazilian goods, including beef, which already had a 26.4 percent levy.
Latin America’s largest economy has been expanding exports to both new and traditional markets amid a global trade reshuffle trigger