"Positive signals": meat and coffee producers react to the announcement of tariff reduction by the USA

The executive order signed this Friday (14) by the President of the United States, Donald Trump, determining the reduction of tariffs on coffee, meat, fruits, and açaí, was immediately echoed among Brazilian agribusiness entities. The measure is seen as a first step to unblock trade barriers that restrict access of Brazilian products to the U.S. market. Among the sectors directly benefiting is coffee, as the U.S. is the main destination for Brazilian coffee exports. In a statement released on the evening of this Friday (14), the Council of Brazilian Coffee Exporters (Cecafé) informed that it is evaluating the effects of the executive order. The president of Cecafé, Márcio Ferreira, recalled that there are currently two tariffs applied by the U.S. to Brazilian coffee: the base tariff, of 10%, and the additional tariff, of 40%, linked to Article 301. He highlighted that it is still necessary to analyze whether the new act signed by Trump applies only to the 10% tariff, the 40% ...