Brazilian Vice President, Geraldo Alckmin, said on Saturday (11/15) that although the Trump administration has reduced part of the tariffs applied to Brazil, there are still “distortions”, as in the case of coffee, that need to be corrected through negotiations.
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“There is a distortion that needs to be corrected. Everyone had 10% (percentage points) less. However, in the case of Brazil, which had 50%, it ended up being 40%, which is very high. You had a very well-served sector, which is orange juice. It was 10% and it went to zero. That is, 1.2 billion US dollars (more in exports). So, it went to zero, and there were no taxes at all,” Alckmin declared.
Alkmene’s statement came after the United States announced, on Friday night (11/14), the withdrawal of the so-called global reciprocity tariff, which was established in April, by 10%. But the 40% surcharge imposed in July on Brazilian products remains in effect.
As a result, tariffs applied to products such as coffee, beef, fruits and nuts rose from 50% to 40%.
According to Alckmin, Brazil is the largest supplier to the United States, and still has “room to work” in negotiations.
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On the other hand, countries competing in the coffee sector with Brazil, such as Vietnam, had zero prices because they only faced the 10% rate announced in the tariffs.
Despite the concern over coffee, Alckmin rated the reduction in North American tariffs as “positive” and stated that the Brazilian government “will continue to work towards further reduction.”
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