Overview
- An executive order signed Thursday removes the 40% levy from a broad list of Brazilian agricultural imports, retroactive to Nov. 13.
- Federal agencies were told to update implementation and consider refunds for importers that paid the duties.
- Arabica coffee futures on the ICE exchange fell sharply after the announcement, with intraday declines of more than 6% before partially recovering.
- The July national‑emergency framework remains intact, and the White House signaled possible future adjustments.
- A 50% tariff on Brazilian instant coffee stays in force, prompting warnings from industry groups about losing U.S. market share.