Brazilian Vice President Gerard Alcumin said this Saturday (November 15) that the Trump administration has lowered some of the tariffs applicable to Brazil, but as in the case of coffee, there are still “distortions” that need to be corrected through negotiations.
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“There are distortions that need to be corrected. Everyone was down 10% (percentage points). But in the case of Brazil, where it was 50%, it ended up being 40%, which is very high. We had a very well-served sector called orange juice. It was 10% and then it went to zero. That’s $1.2 billion (exports went up). So it went to zero, there were no taxes at all,” Alkmin declared.
Mr. Alkmin’s statement came after the United States announced on Friday night (November 14) the withdrawal of the so-called 10% global reciprocity tariff created in April. However, the 40% surcharge imposed on Brazilian products in July remains in effect.
As a result, tariffs on products such as coffee, beef, fruit, and nuts were increased from 50% to 40%.
Brazil is the largest supplier to the United States and there is “still room to work” in negotiations, Alcumin said.
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Meanwhile, countries that compete with Brazil in the coffee sector, such as Vietnam, faced only the 10% tax rate announced in the tariff, resulting in a zero tariff.
Despite concerns about coffee, Alcumin classified the North American tariff reduction as “positive” and said the Brazilian government “will continue to strive for further reductions.”
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