U.S. tariff hikes may cause price increases in Brazilian bars and restaurants

According to a report by the Brazilian National News Agency, the organization stated that the tariff increase will put pressure on the domestic market in Brazil, especially on major Brazilian export products such as coffee, meat, fish, and orange juice. "These foods will affect the entire production chain. For example, coffee export production may decrease by up to 30%, which will lead to a domestic price increase of up to 6%. In the possible economic recession, prices of meat (beef and pork) and fish may also be adjusted to compensate for production costs," the organization explained in a statement. Fhoresp predicts that the domestic price impact will affect the food service industry in the medium to long term. It is estimated that prices on Brazilian menus may rise by up to 10%. "We need to consider all possible scenarios so that Brazil understands what may happen in the future, including an economic recession. In the medium to long term, the entire domestic market will be ...