Peter Navarro: “Half of the four [firms controlling the beef market] are…”

“And it basically says when you approach Even something like 60%, you invite collusion, either explicit or tacit. And that's not only the problem we have here, it's that Half of the four [firms controlling the beef market] are Brazilian. Half of the four are Brazilian. And in my tariff world, I remember vividly just recently when the President put tariffs on Brazil because of actions they were taking which were harmful to the American people.” (16:31–16:36)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.