South America Top Beef Shipper Built US Stocks Ahead Tariffs

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By Clarice Couto

August 6, 2025 at 11:13 PM UTC

Updated on

August 7, 2025 at 1:56 PM UTC

The top exporter of beef from South America has built up inventories in the US ahead of President Donald Trump’s 50% tariffs on Brazil, according to its top finance boss.

Minerva SA rushed to send beef from Brazil to the US, betting that tariffs will further restrict American supplies and boost prices, Chief Financial Officer Edison Ticle said in an interview on Wednesday. The move helped drive overall sales of Brazilian beef to a record in the first half of the year, government data showed.