US EditionTrump eases tariffs on Brazilian food imports again in bid to curb US price pressures
President Trump removed a 40% tariff on Brazilian beef, coffee, and other foods to lower U.S. consumer prices amid inflation, with exemptions applied retroactively to Nov. 13.
- On Thursday, President Donald Trump signed an executive order removing additional tariffs on coffee, fruit and beef and other goods, modifying duties under Executive Order 14323.
- President Donald Trump initially imposed steep levies as part of his second-term trade strategy, targeting Brazil to punish its prosecution of former President Jair Bolsonaro amid off-year election losses.
- The order removes duties on tea, fruit juice, cocoa, spices, bananas, oranges, tomatoes and certain fertilizers and reversed a 40% July tariff, which Brazilian coffee exporters celebrated Friday.
- Industry groups praised the decision, calling it swift tariff relief for retailers and consumers, while Democrats said the rollback admitted tariffs were hurting American pocketbooks on Friday.
- Following recent trade talks, Thursday's decision harmonises Mr. Trump's plans, ensuring that neither the April nor July tariffs apply to certain products, seen as a political victory for President Luiz Inácio Lula da Silva.
195 Articles
195 Articles
Brazil hails US tariff rollback as ‘significant progress' and seeks more exemptions
Brazil's Vice President Geraldo Alckmin says U.S. President Donald Trump's decision to remove additional import tariffs on some Brazilian agribusiness products marks significant progress. On Thursday, Trump lifted the 40% tariffs on goods like coffee, fruit, and beef to lower…
Brazil hails US tariff rollback as ‘significant progress' and seeks more exemptions
Brazil's Vice President Geraldo Alckmin says U.S. President Donald Trump's decision to remove additional import tariffs on some Brazilian agribusiness products marks significant progress. On Thursday, Trump lifted the 40% tariffs on goods like coffee, fruit, and beef to lower…
Brazil hails US tariff rollback as ‘significant progress' and seeks more exemptions
Brazil's Vice President Geraldo Alckmin says U.S. President Donald Trump's decision to remove additional import tariffs on some Brazilian agribusiness products marks significant progress
These 40% surcharges concerned nearly 200 Brazilian agricultural products, such as coffee in grains, beef, cocoa. This is a victory for Brazilian President Lula, although fear of inflation in the United States weighed heavily in Washington's choice.
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