Trump lifts tariffs on key Brazilian farm imports (Reuters): Yesterday, President Trump signed an executive order to lift the 40% tariffs imposed in July on certain Brazilian agricultural imports—including beef, coffee, cocoa and fruit—that had been levied in response to Brazil’s prosecution of former president Jair Bolsonaro. The order applies to goods imported from Brazil on or after November 13, and may require refunds of duties charged while the tariffs were in effect.
The decision comes amid an effort by the White House to reverse some of the administration’s trade policies that had driven up U.S. food prices. Brazil typically supplies around one-third of U.S. coffee imports and has become an important beef supplier, particularly for burger-type meat products. Consumer concern over higher food costs has been cited as a factor behind Trump’s slipping approval ratings.
Policy Updates: Trump lifts tariffs on key Brazilian farm imports
Yesterday, President Trump signed an executive order to lift the 40% tariffs imposed in July on certain Brazilian agricultural imports, including beef, coffee, cocoa and fruit.
(Lindsey Pound)