The U.S. reduces import taxes on coffee, Brazil still suffers significant losses

According to Vietnambiz.vn The decision by the administration of President Donald Trump to eliminate most of the import taxes on coffee beans is expected to benefit roasters and importers in the U.S., according to Reuters. However, Brazil – the world's largest coffee producer – suffers as its coffee remains subject to high taxes. Although the measures announced last Friday (October 14) eliminated import taxes for almost all coffee-producing countries, the U.S. only eliminated the 10% countervailing duty on Brazilian coffee, while the 40% tariff remained in place. Analysts and coffee industry representatives said on Monday that this change will cause the U.S. market – the world's largest coffee consumer market – to continue sourcing from Asia and Latin America, while turning away from Brazilian coffee. "Simply, price will determine the flow of trade," said Judith Ganes, President of J. Ganes Consulting and a commodity analyst. Most coffee-producing countries in the Americas, ...