The Brazilian coffee industry expects with “optimism” that the president of USA, Donald TrumpDo not impose tariffs on coffeegiven the great importance that grain also has in the North American country, the first world consumer.
“We are attentive, but at the same time optimistic that there will be no tariffs on Brazilian coffee from the United States”said the president of the Brazilian Association of the Coffee Industry (ABIC), Pavel Cardoso, at a press conference held on Wednesday in São Paulo.
Cardoso trusts that Brazil and USA will be understood, then “Historically they always had very friendly business relationships,” Despite the current and deep ideological divergences between Trump and the Brazilian president, Luiz Inacio Lula da Silva.
He also highlighted the “good relationship” between the Brazilian coffee industry and the National Coffee Association of the United States, which, “naturally, maintains good relations with the administration of President Donald Trump.”
However, he warned that any taxes to Brazilian coffee would have effects in the pocket of Americans, since “Brazil is the country that puts coffee most” in the supermarkets of that country, which is also the largest consumer in the world, just ahead of Brazil.
Along the same lines, the president of the Brazilian Association of the Soluble Coffee Industry (ABICs), Fábio Sato, said that any increase in tariffs in imported coffees will “directly affect US consumers.
«It is a concern, we are accompanying it, but we know that the trade balance between Brazil and the United States is practically balanced and, therefore, I don’t think there are duty to Brazilian products », added.
Trump has put worldwide alert to its intention to impose tariffs on countries that they consider to harm the US economy.
With less than a month in office, the Republican tycoon imposed taxes to Mexico and Canada, although he postponed his entry into force for a month; already China. He has also suggested that he will do the same with the European Union (EU) and the BRICS, a forum that integrates Brazil, Russia and India, among other emerging powers. EFE
Source: Gestion
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