President Trump has eased tariffs on Brazilian coffee, fruit and beef to help lower U.S. consumer costs, aligning previous trade policies.
Breakdown
- The Trump administration has removed 40% tariffs on Brazilian coffee and beef, aiming to lower grocery costs. 16s
- The decision followed a call with Brazil's president and recommendations from U.S. officials. 1m 2s
- The tariffs were originally imposed in July in response to Brazil's prosecution of former president Jair Bolsonaro. 1m 22s
- Experts and business owners expect it will take several months before consumers see lower prices due to existing inventory. 2m 8s
- The White House stated that the tariff rollback does not indicate a shift away from the administration's long-term trade agenda. 2m 40s