Faced with heavy tariff pressure from the U.S. government, Brazil's beef export industry was initially concerned, but these worries were quickly dispelled. According to data released by Brazilian officials, in April, Brazil's beef exports to the United States surged by 498% compared to the same period last year, and increased by 14% compared to March.

As per Zhongjin's understanding, Brazilian beef products exported to the U.S. originally faced a 26.4% tariff, which was further augmented by an additional 10% policy, causing anxiety among industry professionals. However, the Brazilian Foreign Trade Secretariat (Secex) and the Brazilian Beef Exporters Association (Abiec) pointed out that the United States has become the second-largest export market for Brazilian beef. From January to April this year, Brazil exported 136,000 tons of beef to the U.S., accounting for 14% of the total exports; the trade value reached $748 million, representing 16% of Brazil's total beef exports during the same period.

Meanwhile, China remains Brazil's largest beef export market, with exports to China totaling 392,000 tons in the first four months of this year, accounting for 42% of the total exports and generating an export value of $1.9 billion.

Data indicates that Brazil's beef export growth has exceeded expectations. In the first four months of this year, Brazil exported a total of 950,000 tons of beef, a 14% increase compared to the same period last year, with revenues reaching $4.55 billion, marking a 24% year-on-year increase.

Roberto Perosa, President of the Brazilian Beef Exporters Association, stated that despite U.S. tariffs and Chinese retaliatory measures, beef prices are not expected to increase significantly. He believes that the U.S.'s beef exports to China are limited in quantity and differ in categories compared to Brazil.

Perosa predicts a certain degree of price increase in beef, primarily driven by inflation. He anticipates that beef prices will stabilize both domestically and internationally, as Brazil has sufficient production capacity and no supply shortages.

To expand their market share in China, the Brazilian Beef Exporters Association will organize a series of promotional activities in the country. They plan to establish an office in Beijing, showcase Brazilian beef in two inland cities, and demonstrate to Chinese consumers that Brazilian beef can be consumed flexibly, even according to local dietary habits. They also aim to establish a nationwide distribution network by collaborating with distributors and wholesalers in various provinces across China.