News Summary July 10, 2025
Today’s Top Story: Brazilian Seafood Exports to US in Jeopardy After New 50% Tariff
In our top story today, U.S. President Donald Trump wrote a letter criticizing Brazil’s handling of former President Jair Bolsonaro and placing 50% tariffs on Brazil starting August 1. From a seafood trade perspective, Brazil ranks among the top 20 exporters to the U.S., shipping nearly 84 million pounds of seafood valued at approximately $229 million in 2024, placing it 12th by volume and 19th by value. The newly imposed tariff could significantly disrupt Brazilian seafood exports to the U.S...
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