FX.co ★ Trump Signs Order Removing Tariffs on Brazilian Beef and Coffee

On Thursday, U.S. President Donald Trump rescinded the 40% tariffs previously imposed on Brazilian food products such as beef, coffee, cocoa, and fruits. These tariffs were initially established in July as a punitive measure against Brazil following the prosecution of its former president and Trump ally, Jair Bolsonaro, according to a Reuters report. This decision aligns with a similar directive issued by the administration the previous Friday, aimed at removing tariffs on several agricultural goods. This policy shift represents a reversal of certain actions that had contributed to rising food costs in the United States. The new order, which takes effect on November 13, will impact Brazilian imports into the U.S., potentially necessitating refunds for duties collected while the tariffs were enforced, according to official White House documentation. Brazil is typically responsible for supplying one-third of the coffee consumed in the United States and has recently become a significant provider of beef, especially for use in burger production.