White House Confirms Trump Lifts Tariffs on Brazilian Beef, Coffee, and Orange Juice
According to the White House, the tariff order now exempts some Brazilian agricultural goods imported after November 13 from the 40% ad valorem duty.
Summary
On Nov. 21, the White House stated that President Donald Trump signed an order adjusting U.S. tariffs on certain Brazilian farm products. The revision exempts specific imports arriving after Nov. 13 from the 40% ad valorem tariff. Previously, tariffs had included Brazilian beef, coffee, and orange juice, which are now excluded from the additional duty under the updated policy.
Terms & Concepts
- Tariffs: Taxes imposed on imported goods, often used to protect domestic industries or influence trade policy.
- Ad valorem tariff: A duty calculated as a percentage of the value of the imported goods.