Brazil, Trump and coffee
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President Donald Trump is threatening to impose a 50% tariff on Brazil, the world’s largest coffee producer and the source of 30% of U.S. coffee imports.
According to the National Coffee Association, an estimated two-thirds of American adults drink coffee each day – and now, it could get more expensive by Aug.1.
Trump’s tariffs spark a nationalist reaction in Latin America. Is the U.S. president a godsend for the region’s leftist leaders?
WASHINGTON/BRASILIA, July 9 (Reuters) - U.S. President Donald Trump said on Wednesday the U.S. would impose a 50% tariff on all imports from Brazil after a spat this week with his Brazilian counterpart who called him an unwanted "emperor."
Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.
Coffee companies may try to mitigate the impact of the tariff by sourcing from other countries, but consumers will likely end up paying more for their java.
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How Will Tariffs Impact Grocery Store Prices? - MSNBut how will tariffs impact grocery store prices? ... The top source of cacao is the Ivory Coast, with a reciprocal tariff rate of 21%. Brazil follows closely behind.