Brazil's coffee exports to the U.S. decreased by nearly 50% in August.

Theo Doanh nghiệp & Kinh doanh Mr. Marcio Ferreira, President of the Cecafe exporters' association, and also the General Director of Tristao Trading, one of Brazil's largest coffee exporters, said that Brazil's coffee exports to the U.S. will continue to decline if the U.S. tariff remains in place. He also added that the Brazilian coffee industry welcomes the warming of relations between the leaders of the two countries, according to Reuters. U.S. President Donald Trump imposed a 50% tariff on Brazilian coffee and some other items, effective from early August, amid tensions between his administration and the government of Brazilian President Luiz Inacio Lula da Silva. As a result, Cecafe reported that the U.S. is no longer Brazil's largest market, with coffee exports to the U.S. in August falling 46% compared to the same period last year, when Brazil achieved a record export level. As of September 19, exports to the U.S. continued to decline by another 20% compared to August, Mr. ...