Brazil orange juice byproducts hit by 50% US tariffs
The economic impact can amount to 1.54 billion reais ($285.45 million), including from the 50% tariff on orange juice byproducts and a 10% duty on the juice itself, CitrusBR said in a statement.
Orange juice byproducts are widely used by both the beverage and cosmetics industries.
In the United States, for example, about 58% of juice consumption consists of reconstituted juice, which is made from a concentrate that is later mixed with water.
The 50% tariff applies to byproducts such as orange cells and essential oils, which are responsible for aroma, and are used to reconstitute orange juice, among other applications, CitrusBR said.
($1 = 5.3949 reais) - Reuters
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