US EditionChina Opens Door to Brazilian Coffee as US Slaps on New Tariff
6 Articles
6 Articles
(Mexico City=Yonhap News) Correspondent Lee Jae-rim = The Chinese government is expected to face difficulties exporting to the United States due to the impact of the Donald Trump administration's 50% tariff...
Following the announcement of US tariffs, China prepares to buy more Brazilian coffee While the United States is preparing to impose strong tariffs on Brazilian coffee, China opens the door to exporters of the South American giant. China has just authorized 183 new Brazilian companies to export coffee to its market, with permits valid for five years. A decision with a more strategic scope than it seems. This measure comes into effect just a week…
Amid the escalating trade dispute with Washington, Beijing quickly found a way to capitalize on the market vacuum. Chinese customs granted five-year export licenses to 183 Brazilian coffee suppliers. The decision comes just before the August 6th increase in US tariffs on Brazilian coffee to 50 percent, which threatens to cut off the largest supplier from a third of US demand.
The measure took effect on July 30, and the new Chinese export licenses will be valid for five years, according to a statement on Saturday.
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