Tax on instant coffee contrasts with negotiation progress, says Abics

The Brazilian Soluble Coffee Industry Association (Abics) said in a statement this Friday (21) that it regrets that Brazilian soluble coffee has been kept on the list of products subject to the 50% tax imposed by the United States government in August of this year. On Thursday (20), U.S. President Donald Trump announced the exemption of the 40% tariff for agricultural products from Brazil. "We celebrate the reversal of the tariffs; the taxes on soluble coffee contrast with the overall progress in bilateral negotiations and represent an ongoing challenge for the sector," said Abics in a statement. The association highlighted that it celebrates the reversal of tariffs for other agricultural categories, but the maintenance of the tariff on soluble coffee continues to severely affect the sector. "Shipments of soluble coffee from Brazil to the U.S. have suffered a reduction of more than 52% in volume since August," said Abics in the statement. Furthermore, the entity reinforced that ...