Brazilian Vice President Geraldo Alckmin said Saturday that Brazilian exported goods to the U.S. including coffee, beef and tropical fruits would still be tariffed 40%, despite Donald Trump’s decision to remove some import taxes.
In a dramatic move on Friday, Trump scrapped levies announced in April on what he called ‘Liberation Day’ in hopes of encouraging domestic production and lifting the U.S. economy. Brazil at the time was hit with a 10% tariff.
But in July, Trump imposed a further 40% tariff, citing — among other reasons — the trial of his ally, former President Jair Bolsonaro, which he called a “witch hunt.” Proceedings went ahead regardless and in September Bolsonaro was sentenced to 27 years and three months in prison for attempting a coup.
Cool, Americans barely consume any of those things
Ffs gotta be explicit these days: /s
(I’m a coffee addict, it’s been brutal)
2024 numbers for Brazil’s exports to the USA. https://tradingeconomics.com/brazil/exports/united-states
$2B in coffee
$1.25B in vegetables and fruit
$1B in meat.
40% of $4,250,000,000 is $1,300,000,000
Check your math.
1.7bn, not 1.3
do use your own advice, please.
Coffee is up in price already, the tariffs must be brutal.
bought a years supply after November '24.
I’ve been rationing it and still have another 3-4 months left.
I just hope the bastard dies and the tariffs are resolved before I have to start roasting and grinding dandelions up.
Green coffee lasts longer, if you’re comfortable roasting.
Like two dollars a pound in my area.