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Trump removes 40% tariffs on Brazilian coffee and beef

Scripps News · Recent
Scripps News
Scripps News
Recent

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
Food & DietEconomy