Brazilian coffee companies are seizing a new opportunity as nearly 200 firms gain approval to export to China. This comes in response to the impending 50% tariffs on Brazilian goods by the United States, set to take effect soon. The tariffs, imposed by President Trump, are the highest on any country and exclude coffee from the exemption list. The recent approval for 183 coffee companies is a strategic move to boost exports to China, where demand is growing.
• 183 Brazilian coffee companies are now certified to export to China for five years.
• Brazil exported over 440,000 bags of coffee to the US in June, but only 56,000 to China.
• The US coffee export trade from Brazil was valued at approximately $4.4 billion in the last year.
• Critics argue that the tariffs could harm American jobs and raise consumer prices.
This situation highlights the shifting dynamics in global trade. As Brazil faces tariffs from the US, it finds new markets in China, which could lead to a significant increase in coffee exports. The outcome may reshape the coffee industry and influence pricing for consumers worldwide.
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