Trump Removes 40% Tariffs on Brazilian Beef and Coffee

Removal of Brazilian Tariffs

• ⚡ President Trump signed an order on Thursday to remove the 40% tariffs imposed on Brazilian food products.
• 🎯 The tariffs, which included levies on beef, coffee, and fruits, were originally put in place in July.
• 📌 The removal affects Brazilian imports to the US on or after November 13 and may include refunds for duties already collected.

Rationale and Impact

• 💡 This move is seen as a reversal of measures that had increased the cost of food in the US, a factor linked to Trump's declining approval ratings.
• 📈 Retail coffee prices in the US had risen as much as 40% this year due to these tariffs and other market conditions.
• 🇧🇷 Brazil is a significant supplier of beef to the US and normally provides one-third of the country's coffee.

International Relations

• 🤝 The decision follows a similar order last week to remove tariffs on agricultural products from other nations.
• 💬 Brazil's President Lula da Silva expressed happiness with the reduction of tariffs on certain Brazilian products.
• ⚠️ The executive order did not mention the actions against Brazilian authorities involved in the prosecution and conviction of former President Jair Bolsonaro.