Arabica coffee futures in New York have reached their highest level in two months amid concerns that cold weather and frost in Brazil, the world's largest coffee exporter, could reduce output. Concurrently, the recent implementation of a 50% tariff on Brazilian coffee imports by the U.S. government, under President Donald Trump's administration, has led American coffee buyers to avoid new purchases from Brazil. This tariff increase is contributing to limited sales from Brazil and is expected to raise coffee prices in the United States. The tariff has also impacted other Brazilian exports, such as beef, which has reached record prices in the U.S. market.
Arabica Coffee Rises With Limited Sales From Top Shipper Brazil https://t.co/19Zp3ue4MP
Los aranceles de Trump golpean al café de Brasil. Tostadores en EE.UU. frenan pedidos y temen un encarecimiento. https://t.co/gtTpWKEpc7
🚨VEJA: Tarifaço de Trump contra o Brasil eleva carne bovina ao recorde histórico nos EUA. https://t.co/WmmtWU6OCi