Rise to the values of coffee bring the announcements of the president of the USADonald Trump, about 50% against Brazilian duties.
In New York, future contracts for Arabica coffee beans rose by up to 3.5% on Thursday and closed 1.3%. In a letter posted on Wednesday July 9 On the Truth Social platform, US President Trump has announced 50% duties in Brazil from August 1st. He accused the country of the country of attacking freedom of expression and setting up “witch hunting” against former Brazilian right -wing President Zaire Bolsonaru.
It is unusual for Trump to impose duties in Brazil, a country with which the US has a trade surplus. The US government forecasts a surplus of $ 3.2 billion for this year.
Brazil is the largest Arabica coffee producer in the world, used for high quality coffee varieties. Last year, the US introduced coffee worth about two billion dollars from Brazil.