Citrus: sector breathes a sigh of relief with orange juice out of the tariff hike

The decision by the United States government to exempt Brazilian orange juice from the additional 40% tariff brought immediate relief to the sector. This is the assessment of researchers from the Center for Advanced Studies in Applied Economics (Cepea). The measure maintains the product subject to the 10% surcharge plus the fixed tariff of US$ 415/t. According to the institute, the decision can be attributed to the structural dependence of the U.S. market on imported juice from Brazil. This represents approximately 60% of the total volume of juice consumed in the U.S. For Brazil, researchers from Cepea affirm that the exemption represents the preservation of competitiveness in its main external market and prevents revenue losses. They also reinforce ...