U.S. President Donald Trump removed his 40% tariffs on Brazilian food products, including beef, coffee, cocoa and fruits that were imposed in July to punish Brazil over the prosecution of its former president, Trump ally Jair Bolsonaro.
The move follows a similar order by the administration last Friday to remove tariffs on several agricultural products from other countries as the White House makes a U-turn on some tariffs that have increased the cost of food in the United States.
The order will affect Brazilian imports to the U.S. on or after 13 November and may require a refund of the duties collected on those goods while the tariffs were still being charged, according to the text of the order released by the White House.
Brazil normally supplies a third of the coffee used in the United States, the world's largest coffee drinker, and has more recently become an important supplier of beef, particularly the type that is used to make burgers.
U.S. retail coffee prices rose as much as 40% this year due to the tariffs and other market factors such as weather-induced production shortfalls.
"The decision (to lift Brazil tariffs) shows the effectiveness of the trade negotiations," said Brazilian beef industry group ABIEC, adding it will continue to work to increase its share in the market.
Trump's executive order on Thursday did not mention the actions against Brazilian authorities involved in the prosecution and conviction of former President Jair Bolsonaro for plotting a coup to remain in power after losing the 2022 election.
Brazil's President Luiz Inacio Lula da Silva said on Thursday he was glad that the 40% tariff was removed.
Türkiye is set to receive Russian diesel under a U.S.-backed agreement, Energy Minister Alparslan Bayraktar said on Sunday, as Ankara pushes a...
Chinese Premier Li Qiang arrived in Tajikistan on Sunday for an official visit and a major regional summit, with security, trade and transport link...
The U.S. and five Central Asian nations have held high-level talks in Samarkand, focusing on trade, investment and regional security as Washington ...
U.S. President Donald Trump has criticised Ukrainian President Volodymyr Zelenskyy for continuing to target Russia's energy infrastructure, while Russian strikes on Kyiv overnight killed at least one person and damaged a metro station.
What started out as planned protests against the cost of living, declining public services and education funding in France, quickly devolved into violent riots across the country on Saturday.
The day after waiving sanctions and tariffs related to Russian exports, U.S. President Donald Trump said on Saturday he has yet to announce a final decision on the matter as Secretary of State Marco Rubio said officials want more time to evaluate the situation.
A Saudi AH-6i helicopter crashed in the Najran region of Saudi Arabia due to a technical malfunction, killing its two crew members, the Saudi-led coalition's spokesman Brigadier General Turki al-Maliki said in a statement on Sunday.
An oil tanker caught fire after striking a naval mine in the southern part of the Strait of Hormuz, Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy said late Sunday.
Chinese Premier Li Qiang arrived in Tajikistan on Sunday for an official visit and a major regional summit, with security, trade and transport links high on the agenda as Beijing strengthens its ties with Central Asia.
The U.S. and five Central Asian nations have held high-level talks in Samarkand, focusing on trade, investment and regional security as Washington seeks to strengthen its presence in the strategically important region.
U.S. President Donald Trump has criticised Ukrainian President Volodymyr Zelenskyy for continuing to target Russia's energy infrastructure, while Russian strikes on Kyiv overnight killed at least one person and damaged a metro station.
The United Nations World Food Programme (WFP) has cut monthly food assistance to 500,000 people in Gaza amid severe funding shortages, with around two-thirds of the population facing crisis levels of food insecurity or worse.
Strong winds that fuelled a deadly grass fire are what killed four Canadian soldiers and sent 39 people to hospital at a military training area in Alberta, Canada, according to authorities. 19 people remain in critical condition. The winds caused the flames to spread rapidly.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment