U.S. President Donald Trump on Thursday further eased tariffs on Brazil as part of his efforts to reduce costs for American consumers.
According to reports from CCTV News and other media outlets, on the 20th local time, the White House announced that President Trump had signed an executive order revising the scope of tariffs on goods imported from Brazil .
The 40% ad valorem tariff on some goods will remain unchanged, but given the progress made in negotiations, certain Brazilian agricultural products entering the United States after midnight Eastern Time on November 13th will be subject to tariffs. Eliminate additional ad valorem tariffs.
The White House stated that this move aims to balance national security concerns with promoting trade relations with Pakistan.
The decision, announced on Thursday, affects commodities such as coffee, fruit, and beef. Brazil typically supplies the United States with one-third of its coffee and has also become a significant supplier of beef in recent years, particularly beef used to make hamburgers.
The Trump administration's easing of tariffs on Brazil aims to alleviate domestic price pressures and lower the cost of living for its citizens. Recent price increases for items such as coffee have drawn the Trump administration's attention, and the Republican Party's poor performance in local elections earlier this month led to the election of Democrat Mamdani as mayor of New York City, a candidate whose platform focused on the cost of living.
This marks the second major shift in U.S. tariff policy in the past week. The White House stated last week that Trump would cancel some global tariffs initially announced in April.
On November 14, Eastern Time, Trump signed an executive order that would lift the so-called "reciprocal tariffs" on certain agricultural products , effective November 13, Eastern Time. The White House stated at the time that this adjustment to the scope of the "reciprocal tariffs" was primarily due to considerations of the progress of negotiations between the United States and its trading partners, as well as current domestic demand and production capacity for certain products.
Regarding the tariff measures taken by the US government last week, Brazil stated at the time that this adjustment did not affect the punitive tariffs imposed on Brazil by Trump in July.
Thursday's decision coordinated Trump's plans to ensure that the tariffs in April and July do not apply to certain products.
Trump and Brazilian President Lula have been negotiating on trade issues, which could lead to further tariff reductions in the future.
(Article source: CLS)
