The US government lifted tariffs on food imports that only applied in the summer Brazil on. The Trump administration announced that the 40 percent import fee on beef, coffee and various fruits from Brazil would no longer be imposed. This order is retroactive to November 13. Import duties that have been paid can be refunded.
According to the White House, the lifting of the tariffs followed talks between Trump and Brazilian leader Luiz Inácio Lula da Silva. Trump stands in United States of America Recently, it has experienced increasing pressure due to rising food prices.
Bolsonaro was sentenced to prison for the attempted coup
The US imposed the tariffs in July in response to criminal charges against former Brazilian President Jair Bolsonaro. In September, Bolsonaro was finally sentenced to more than 27 years in prison for the attempted coup. Trump described the actions against Bolsonaro as politically motivated.
Brazilian President Lula welcomed the decision and said he was “happy.” “These things will happen if we succeed in winning the respect of the people,” he said. Brazil supplies one-third of the coffee consumed in the United States and has recently become a major supplier of beef.
Price for Food material has increased significantly in the US in recent months. According to the latest data available in September, minced beef prices were almost 13 percent more expensive than last year, and steak prices were almost 17 percent more expensive. Banana prices are about seven percent higher. A few days ago, Trump eliminated some of the food tariffs he himself imposed. Previously, the US President had long emphasized that import tariffs would not trigger inflation.
