Latest news with #Brazilian companies
South China Morning Post
5 days ago
- Business
- South China Morning Post
China opens door to Brazilian coffee as US slaps on new tariff
China has authorised nearly 200 Brazilian companies to export coffee to its domestic market amid escalating trade tensions between Brazil and the United States following the imposition of a 50 per cent US tariff on Brazilian coffee. The weekend announcement, effective July 30, came just days after the United States levied the new tariff, which is set to take effect on Wednesday. The measure has sent shock waves through Brazil's coffee industry and forced exporters to seek other markets. China's move, valid for five years, is expected to increase Brazilian coffee shipments to a country where demand is rising steadily The United States is the largest consumer of coffee globally, importing 3.3 million bags of Brazilian coffee in the first half of this year, nearly 23 per cent of Brazil's total coffee exports. In contrast, China imported 530,000 bags during the same period. Although the Chinese market is still smaller, it is gaining relevance as Brazil's access to the US market faces new restrictions. Industry data shows that about 85 per cent of Brazil's 2025 production of Arabica, the variety most exported to the US, has already been harvested.
South China Morning Post
6 days ago
- Business
- South China Morning Post
China opens door to Brazilian coffee as US slaps on new tariff
China has authorised nearly 200 Brazilian companies to export coffee to its domestic market amid escalating trade tensions between Brazil and the United States following the imposition of a 50 per cent US tariff on Brazilian coffee. The weekend announcement, effective July 30, came just days after the United States levied the new tariff, which is set to take effect on Wednesday. The measure has sent shock waves through Brazil's coffee industry and forced exporters to seek other markets. China's move, valid for five years, is expected to increase Brazilian coffee shipments to a country where demand is rising steadily The United States is the largest consumer of coffee globally, importing 3.3 million bags of Brazilian coffee in the first half of this year, nearly 23 per cent of Brazil's total coffee exports. In contrast, China imported 530,000 bags during the same period. Although the Chinese market is still smaller, it is gaining relevance as Brazil's access to the US market faces new restrictions. Industry data shows that about 85 per cent of Brazil's 2025 production of Arabica, the variety most exported to the US, has already been harvested.
