YouTube video by CBS News

via Home - CBSNews.com — In what it says is an attempt to bring down beef prices, the Trump administration is importing 660 million pounds of Brazilian beef. But "Fast Food Nation" author Eric Schlosser warns that this move will only lead to more food safety problems. Schlosser joins "The Takeout" to discuss.

YouTube video by More Perfect Union

By Roberto Samora SAO PAULO (Reuters) -Mexico has overtaken the U.S. as the second largest importer of Brazil’s beef after the imposition of tariffs by President Donald Trump on August 6 affected shipments from the world’s largest exporter, Brazilian beef lobby Abiec said on Wednesday. Brazilian beef, which was already subject to a U.S. import tax of 26.4% outside of an exempt quota, now faces an additional 50% levy. Between August 1-25, Brazil exported 10,200 metric tons of beef to Mexico worth $58.8 million, according to Abiec data. Shipments from Brazil to the U.S. totaled 7,800 tons, worth $43.6 million, and were also below the 7,900 tons sent to both Russia and Chile. Abiec said beef shipments to Mexico have been growing. In the first seven months of the year, Brazil exported 67,659 tons of beef to the country, worth $365 million, nearly triple the volume from the same period last year. That also compares with around 46,000 tons shipped to Mexico in all of 2024 and just over 5,000 tons in 2023, Abiec said, adding that Brazil aims to increase the number of meatpacking plants authorized to export to the country. For January-July, Brazil’s biggest beef export destinations were China, the U.S., Chile, and Mexico. A Brazilian government mission is visiting Mexico this week. Abiec said one of its priorities is to negotiate a free trade agreement, and noted the importance of renewing the so-called Package Against Inflation and High Prices in Mexico (Pacic) for two years. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. "We continue to engage in dialogue with the Brazilian government and U.S. importers so that the trade relationship is fully re-established," Abiec said. Which stocks should you consider in your very next trade? Successful investors know to check multiple angles before making their move. InvestingPro's three powerful features work together to give you that edge: ProPicks AI runs 80+ stock-picking strategies, including Tech Titans, which doubled the S&P 500's performance in just 18 months! Fair Value combines 17 proven valuation models to help you spot overpriced stocks and undervalued gems. And WarrenAI delivers instant insights on any stock. Ask questions, get vetted answers backed by real-time data (unlike ChatGPT). Our subscribers use all three to identify stocks before double-digit gains and avoid costly mistakes. But with 50% during our Summer Sale, even if you only use one of these features the value pays for itself. Sale ends soon—don't wait until prices go back up.