Overview
- An executive order signed Thursday removes the July duties on selected Brazilian agricultural imports and applies to shipments entering the U.S. on or after Nov. 13, with potential refunds for duties already paid.
- The action lifts the 40% levy on green coffee, beef, cocoa and certain fruits, narrowing the scope after consultations with officials and progress in bilateral talks.
- Global coffee markets fell on the news, with ICE arabica futures down about 4.6% after earlier losses exceeding 6% and robusta down roughly 5%.
- Brazilian leaders and industry groups welcomed the decision as restoring competitiveness, while Washington and Brasília said trade negotiations continue.
- Tariffs on Brazilian instant coffee remain in place at 50%, prompting warnings from Brazil’s instant coffee sector about losing U.S. market share.