• President Trump has eliminated the 40% tariffs on Brazilian food imports.
• This includes key products such as beef, coffee, and fruits.
• The tariffs were initially imposed in July as a retaliation against Brazil.
• The exemptions apply to shipments arriving in the US on or after November 13.
• The decision aims to alleviate rising food prices impacting American consumers.

President Trump has signed an executive order lifting the 40% tariffs on a range of Brazilian food products, including beef, coffee, cocoa, and fruits. The tariffs, which were introduced in July as a punitive measure against Brazil for its prosecution of former President Jair Bolsonaro, have been a source of rising costs for American consumers. This decision comes as part of a broader effort to alleviate inflation on grocery prices amid voter frustration over economic conditions, according to CBS News, India Times, and The Hill.

The executive order will apply to Brazilian imports entering the U.S. starting November 13 and may result in refunds for duties previously paid by businesses while the tariffs were in effect. U.S. retail coffee prices have surged as much as 40% this year, aggravated by the tariffs and adverse weather conditions impacting production. "You can expect some thousands of bags of Brazilian coffee that were sitting in bonded warehouses to start moving quickly to U.S. roasters," noted commodities analyst Judith Ganes, illustrating the immediate effect of the tariff rollback, according to India Times and The Hill.

This tariff relief follows recent agreements aimed at enhancing trade relations with several Latin American countries, including Argentina and Guatemala. Trump indicated optimism about improving economic ties with Brazil after a positive meeting with Brazilian President Luiz Inácio Lula da Silva at the ASEAN Summit. He called the negotiations "pretty good deals for both countries," signaling potential for future collaboration, according to CBS News, India Times, and The Hill.