Trump removes tariffs on Brazilian beef and coffee

trump-removes-tariffs-on-brazilian-beef-and-coffee

NEW YORK – U.S. President Donald Trump removed the 40% tariffs on Brazilian food products, such as beef, coffee, cocoa, and fruits, as a response to previous trade tensions. The tariffs were initially imposed in July as a punitive measure over the handling of former President Jair Bolsonaro. Following a recent order to remove tariffs on agricultural products from other countries, the White House is reversing some trade policies that impacted food prices in the United States. The removal of tariffs is set to take effect on Brazilian imports to the U.S. after November 13, potentially resulting in refunds for previously collected duties. Brazil plays a significant role in supplying coffee and beef to the U.S., with tariffs contributing to a rise in retail prices, particularly in coffee by up to 40% this year. This increase in food prices has been linked to Trump’s declining approval ratings as per a Reuters/Ipsos poll. The decision to lift tariffs showcases the effectiveness of trade negotiations and signals a positive step towards trade relations between Brazil and the U.S.

Box de Notícias Centralizado

🔔 Receba as notícias do Diário do Estado no Telegram e no WhatsApp