Deals between the US and Brazil have ‘totally stalled’
Brazil is the world’s top exporter of arabica. Photo: Getty
Bloomberg
American coffee buyers are shunning fresh deals with top grower Brazil after US president Donald Trump’s 50pc tariff took effect this month.
Companies are avoiding new contracts and looking for wiggle room in existing ones to avoid having to pay the higher levies, according to a dozen brokers, roasters and exporters contacted by Bloomberg. Some US buyers are asking for extended shipping timelines in the hopes that tariffs may be eased later, according to Brazil’s exporter group Cecafe.
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