Trump drops 40% tariffs on Brazilian beef, coffee amid rising food prices

President Donald Trump has signed an order to lift 40% tariffs on certain agricultural products from Brazil, including coffee, beef, fruits and cocoa, expanding efforts to bring down rising food prices in the U.S.

Trump said the order was due to progress in negotiations with Brazil and various officials recommending the move.

The order applies to Brazilian imports to the U.S. on or after Nov. 13, and may require refunds of duties already collected.

The move follows a rollback of tariffs on several agricultural products to help ease high grocery prices for American consumers.

Brazil has faced 50% tariffs for months. Trump raised them beyond his 10% across-the-board tariffs to penalize Brazil for prosecuting his ally Jair Bolsonaro, the country’s former president.

To note, Brazil is the world’s leading coffee exporter and a third of the coffee beans in the U.S. comes from the Latin American country. It is also the world’s top beef exporter and a key beef supplier for burgers.