IBOV 179,722.48 ▲ 1.30% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,314.78 ▼ 0.18% MERVAL 3,049,455 ▲ 0.51% COLCAP 2,470.26 ▲ 1.86% BVL PERÚ 59,450.29 ▲ 0.11% USD/BRL5.16— 0.00% USD/MXN17.00▲ 0.03% USD/CLP936.45▲ 0.24% USD/COP3,173▼ 1.10% USD/PEN3.36▲ 0.02% USD/ARS1,513▼ 0.02% USD/UYU40.24▲ 0.68% USD/PYG5,873▲ 1.18% USD/BOB12.08▲ 3.43% USD/DOP58.56▲ 0.51% USD/CRC446.47▲ 2.10% USD/GTQ7.62▲ 2.02% USD/HNL26.84▲ 1.46% USD/NIO36.62▲ 0.20% USD/VES799.17▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▼ 0.06% EUR/BRL5.97▼ 0.79% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 179,722.48 ▲ 1.30% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,314.78 ▼ 0.18% MERVAL 3,049,455 ▲ 0.51% COLCAP 2,470.26 ▲ 1.86% BVL PERÚ 59,450.29 ▲ 0.11% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Wednesday, September 2, 2026

Brazil Business - Brazil

Report Says JBS Owner Lobbied Trump on Brazilian Beef Duty

By · September 2, 2026 · 5 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Brazil · TRADE

Key Facts

  • Meeting Joesley Batista met President Trump in the Oval Office on 20 August 2026.
  • Duty The US import duty on Brazilian beef is 26%.
  • Announcement Trump eased beef import tariffs on 21 August 2026.
  • Company JBS is controlled by the Batista family through holding J&F.
  • EU ban The European Union suspends Brazilian animal products on 3 September 2026.

One meeting in the Oval Office, and a tariff change announced the following day.

Brazilian beef - workers on a meat processing line in Santa Catarina
Illustrative photo: a meat processing line in Santa Catarina. A report says Joesley Batista pressed Trump on 20 August to lower the 26% duty on Brazilian beef. (Photo: The Rio Times archive.)
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

A new report says JBS owner Joesley Batista lobbied Trump on Brazilian beef. He urged a lower US import duty to help tame high American prices.

The meeting took place in the Oval Office on 20 August 2026, according to a major United States financial outlet.

The Oval Office Meeting

Joesley Batista, co-controller of JBS, met President Trump in the Oval Office on 20 August 2026. The account comes from a major United States financial outlet, published on 1 September 2026.

The Oval Office is the president’s office in the White House, and a meeting there is a mark of access. During the meeting, Batista lobbied Trump to lower a 26% United States import duty on Brazilian beef.

He argued that reducing the duty would help tame high American beef prices.

Lobbying for Lower Duties

The report says the two discussed how extra Brazilian supply could help if Trump dropped the duty. JBS played an important role in shaping the administration’s position on boosting beef imports, according to the report.

In addition, G1 in Brazil carried the same core allegation on 31 August 2026. G1 described Batista as having helped shape the reduction and portrayed JBS as central to the policy shift.

Live Company IntelligenceJBS N.V. — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
J
◆ Live Company Intelligence
JBS N.V.
NYSE: JBSJBSConsumer DefensivePackaged Foods283,000 employees
$14.39B
Market cap
Analyst target $18.11

Wall Street view

4.0Buy/ 5
1 Buy0 Hold0 Sell
Avg. price target $18.11  ·  +25% vs 200-day

Valuation & profitability

Market cap$14.39B
Revenue (TTM)$91.17B
P / E ratio12.7
Profit margin1.2%
Return on equity13.4%

Price & risk

52-wk low
$11.45
52-wk high
$17.27
200-day average$14.50

Revenue trend · 6y

20202025
Latest $471.14B

Ownership

Institutions28.6%
Shares outstanding776M
Top holderBNDES Participacoes SA -BNDESPAR
Institutional holders5+ funds

Dividend

Yield7.4%
Payout ratio16.5%
Fwd. annual$1.34
What JBS N.V. does. JBS N.V., together with its subsidiaries, engages in the processing of animal proteins, encompassing activities related to beef, pork, lamb, and poultry worldwide. The company is involved in the production and marketing of prepared foods and other related products, as well as operations in leather, collagen, hygiene and beauty products, metal packaging,…
Data: RT fundamentals (JBS.US) · figures in USD · as of 1 Sep 2026More company intelligence →

Trump’s Tariff Announcement

Trump announced an easing of tariffs on beef imports the following day, 21 August 2026. The administration framed it as a measure to boost imports and lower domestic beef prices.

Reporting describes the move as dropping or waiving the 26% duty. However, no proclamation number or exact before-and-after tariff line has been published in the coverage.

JBS and the Batista Family

JBS is one of the world’s largest meat companies. It is controlled by the Batista family through the holding J&F.

Therefore, the company’s access to the White House highlights its influence in global meat trade. Still, the report does not prove that Batista secured the decision, only that he lobbied for it.

Impact on Brazilian Beef

A lower US duty could open the door for more Brazilian beef in the American market. This would likely increase supply and potentially reduce prices for US consumers.

Meanwhile, the European Union’s suspension of Brazilian animal products takes effect on 3 September 2026. That move could offset some gains from the US market.

Broader Trade Context

The US decision to ease beef tariffs comes amid efforts to address high domestic prices. By contrast, the EU’s suspension adds uncertainty for Brazilian exporters.

As a result, Brazilian beef producers face a mixed outlook. While the US may offer new opportunities, the EU market is closing temporarily.

Reactions and Uncertainty

Neither JBS nor the White House has issued a public statement confirming the lobbying. The report relies on unnamed sources, and no official confirmation has been released.

Even so, the timing of the meeting and the tariff announcement suggests a direct link. Still, without official confirmation, the exact influence remains unclear.

What This Means for Consumers

If the duty is lowered, more Brazilian beef could enter the US market. This might help reduce beef prices, which have been high for American shoppers.

In short, the lobbying effort could benefit consumers if it leads to lower tariffs. However, the actual tariff change has not been published yet.

Future of Brazilian Beef Trade

The outcome of this lobbying could shape future trade relations between the US and Brazil. Brazilian beef exports may grow if the US market opens further.

Overall, the coming weeks will show whether the tariff easing materializes. Until then, the full impact on Brazilian beef remains to be seen.

Frequently Asked Questions

Who is Joesley Batista?

Joesley Batista is the co-controller of JBS, one of the world’s largest meat companies. He met President Trump in the Oval Office on 20 August 2026 to lobby for lower duties on Brazilian beef.

What is the current US import duty on Brazilian beef?

The current US import duty on Brazilian beef is 26%. The report says Batista lobbied to lower this duty, but the exact new rate has not been published.

Did President Trump announce any change to beef tariffs?

Yes, on 21 August 2026, Trump announced an easing of tariffs on beef imports. The administration said it aimed to boost imports and lower domestic beef prices.

How might this affect beef prices in the US?

If the duty is lowered, more Brazilian beef could enter the US market, increasing supply. This could help reduce high beef prices for American consumers.

Connected Coverage

Sources: United States financial press; G1; Reuters-based follow-ups.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.