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.
Iran says it is open to talks with countries seeking safe passage through the Strait of Hormuz - disrupted by recent attacks - as Israel continues ...
Canada and the five Nordic countries have agreed to deepen cooperation in military procurement and other areas, in...
Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday (15 ...
Ukraine wants money and technology in return for helping Middle Eastern nations that have sought its expertise as ...
French voters head to the polls on Sunday (15 March) to elect their mayors in a closely watched ballot seen as a t...
Colombia’s commerce minister, Diana Marcela Morales, has said she will propose raising tariffs on certain Ecuadorian goods from 30% to 50%, as a trade dispute between the neighbouring countries intensifies.
U.S. President Donald Trump’s latest State of the Union address set out a second-term agenda built on economic protectionism, military strength and a hard line on Iran, signalling a strategy that pairs diplomatic engagement with firm red lines, Assoc. Prof. Orkhan Valiyev told AnewZ Daybreak.
The European Parliament on Monday (23 February) postponed a vote on the EU’s trade deal with the U.S. after President Donald Trump imposed a blanket 15% import duty.
The U.S. Supreme Court has overturned key elements of President Donald Trump’s global tariff policy, creating uncertainty ahead of his March meeting with China’s Xi Jinping. The ruling raises fresh questions about the future of U.S.-China trade relations and the stability of the global economy.
A long-running investigation has suggested that the street artist known as Banksy may be legally named David Jones. A report indicates that Jones was previously known as Robin Gunningham, a name long associated with Banksy, before legally changing his name several years ago.
A widening conflict involving Iran, the United States and Israel has triggered escalating military strikes across the Middle East, disrupted shipping through the strategic Strait of Hormuz and raised concerns over global energy supplies. This live report tracks the latest developments.
Iran says it is open to talks with countries seeking safe passage through the Strait of Hormuz - disrupted by recent attacks - as Israel continues to launch wide‑scale strikes on Iranian infrastructure in the west. This live report tracks the latest developments.
North Korea fired what appeared to be a ballistic missile on Saturday (14 March), Japanese and South Korean officials said. The development comes amid the joint annual U.S.-South Korea "Freedom Shield" military drills and South Korean Prime Minister Kim Min-seok's visit to Washington.
Ukrainian drones struck an oil refinery and a key port in Russia’s southern Krasnodar region overnight (13-14 March), local authorities said, causing injuries and damage. In separate action, Russian air attacks on Ukrainian territory killed and wounded civilians near Kyiv, officials reported.
Canada and the five Nordic countries have agreed to deepen cooperation in military procurement and other areas, in the latest push by Canadian Prime Minister Mark Carney to build new global alliances.
Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday (15 March) to resolve issues in their trade truce. The discussions aim to smooth the way for U.S. President Donald Trump’s visit to Beijing to meet Chinese President Xi Jinping at the end of March.
Ukraine wants money and technology in return for helping Middle Eastern nations that have sought its expertise as they defend against Iranian kamikaze drones, President Volodymyr Zelenskyy said, after Kyiv sent specialists to the region.
French voters head to the polls on Sunday (15 March) to elect their mayors in a closely watched ballot seen as a test of the strength of the far-right and the resilience of mainstream parties ahead of next year's presidential vote.
Tens of millions of Vietnamese were voting on Sunday (15 March) to elect members of parliament from a list of candidates almost exclusively fielded by the Communist Party, ensuring the party's continued overwhelming dominance.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment