Who loses and who gains with the new US tariffs on cocoa

According to information from Hedgepoint Global Markets, the new round of tariffs — in effect since August 7 — affects trading partners that represent more than half of the total volume of cocoa imported by the U.S. This includes the Ivory Coast, the main supplier of cocoa beans, now with a rate of 15%, and countries like Malaysia, Indonesia, and India, major exporters of by-products such as butter and paste, penalized with rates between 19% and 25%. The Ivory Coast, which supplies almost 40% of the American demand for cocoa beans, has already signaled the search for new markets in the face of the imposed price increase. Ecuador, in turn, has been increasing its participation, favored by the drop in Ivorian production and lower tariff burden, which indicates a possible reconfiguration in the international flows of the commodity. According to Hedgepoint, by-products are also in the crosshairs. "With higher tariffs, the cost of processed raw material in the U.S. rises, giving a ...