Washington D.C. – The United States has eliminated tariffs previously imposed on a range of Brazilian goods, including key agricultural products such as coffee, beef, cocoa, and fruits. The order, signed Thursday, rescinds the 40 percent tariffs that had been in place since July.
This move follows a similar action taken by the US administration last week, which saw the removal of tariffs on other agricultural imports. These decisions signal a potential shift in the White House’s approach to certain tariffs that have been contributing to rising food costs within the United States.
The tariff removal applies to Brazilian imports entering the US on or after November 13th. The order also stipulates that refunds may be issued for duties collected on these goods while the tariffs were still in effect, according to the official White House document.
The implications of this decision are expected to be significant for both Brazilian exporters and American consumers. The removal of tariffs could lead to lower prices for these goods in the US market and improved trade relations between the two countries. Further analysis will be needed to fully assess the long-term effects of this policy change.
DZWatch will continue to monitor this developing story and provide updates as they become available.
