Brazilian Specialty Coffee Exports Plummet 70% Amid New U.S. Tariffs
Brazil faces a drastic fall in specialty coffee exports to the U.S. due to new tariffs.
Key Points
- • Specialty coffee exports to the U.S. dropped 70% in one month.
- • New tariffs imposed by the U.S. significantly raised costs for Brazilian coffee.
- • The decline could hinder the growth of Brazil's specialty coffee sector.
Brazil's specialty coffee exports to the U.S. have suffered a staggering 70% decline in just one month, resulting directly from new tariffs imposed by the Trump administration. The coffee sector, which plays a vital role in Brazil's economy, has voiced alarm over the abrupt downturn that these tariffs have caused.
According to the Brazilian Specialty Coffee Association, the sharp drop reflects the severe impacts of the tariffs, which significantly raise the cost of Brazilian coffee beans in the U.S. market. Analysts indicate that this negative trend may hinder the growth of Brazil's specialty coffee sector, which had been on the rise before the tariffs were enacted. Experts worry that this sudden decline could not only affect Brazilian producers but also alter the competitive landscape within the specialty coffee market.