Brazil's Ag Sector Gains Market Access, While U.S. Ag Suffers Under Trump's Failed Trade Agenda
Brazil further positions itself as an ag leader, as global trade resets from Trump's tariffs.
Reuters had two articles today on Brazil gaining more market access for its agricultural products, further positioning itself as a global ag leader. Meanwhile, the U.S. ag sector is suffering from lost markets due to President Trump’s failed trade agenda.
American soybeans have been in the news constantly for at least the past month, as harvest has been underway without the usual opportunity for exports, since China has cut off its market as part of its trade war with Trump. Beyond the trade challenges, U.S. agriculture has also been impacted by low prices for crops and high input costs.
First, the news outlet reported that Brazil will already hit a record in soybean exports by the end of October, with China purchasing more than usual after it refuses to buy from the U.S. By the end of the year, Brazil expected to have exported 110 million tons. Its previous record was 101.3 million tons in 2023.
Reuters then posted later that Brazil also reported a 38 percent increase in beef exports to China. The country’s meatpacking association said it saw a record-high for monthly exports.
The association also pointed out that these stats indicate how its industry continues to do well and find new markets to counter the high tariffs put upon it by the U.S.