Brazil sticks to a deeper cut in Trump’s tariffs on coffee exports
Brazilian Vice President Geraldo Alkmene indicated that Brazil is continuing its efforts to extract an additional reduction in US customs duties on coffee exports, after US President Donald Trump’s recent decision had no significant impact on its largest suppliers.
Alkmene said – in a press conference in Brasilia on Sunday – that “Brazil will continue to work to reduce them further,” adding: “In “In the case of coffee, it doesn’t make sense, 40% is still high,” according to what was reported by “Bloomberg” agency. On Friday, US President Donald Trump issued an order to reduce customs duties on a number of commodities, including coffee, beef, tomatoes, and bananas, in a move aimed at reducing the prices of food commodities with mounting public pressure on the administration to reduce the cost of living.
But Brazil, which faces an additional 40% duty on top of customs duties, still sees the duties imposed on its exports as “exorbitant,” according to Alkmeen’s statements, which puts it in a position of uncertainty. A worse competitive situation compared to countries such as Vietnam, whose coffee exports are completely duty-free.
Since last July, Brazilian exports have faced the possibility of being subject to a 50% tariff, consisting of a 10% reciprocal duty, in addition to a 40% punitive duty imposed by Washington in response to the prosecution of former Brazilian president and Trump ally, Jair Bolsonaro.
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