#tariffs

#tariffs

Cecafé, Brazil's coffee exporters council, called the tariff hike "a complete loss of competitiveness." "The tariff reversal comes after months of intense work representing the interests of Brazilian coffee. It is a historic victory for the entire coffee agribusiness production chain," the council said in a statement. Brazil has long been a key supplier of beef and coffee to the United States.

By ELEONORE HUGHES RIO DE JANEIRO (AP) Brazilian Vice President Geraldo Alckmin said Saturday that Brazilian exported goods to the U.S. including coffee, beef and tropical fruits would still be tariffed 40%, despite President Donald Trump's decision to remove some import taxes. In a dramatic move on Friday, Trump scrapped levies announced in April on what he called Liberation Day' in hopes of encouraging domestic production and lifting the U.S. economy.

The Supreme Court could decide on the legality of many of the Trump administration's tariffs within months, but the ruling won't impact many of the administration's levies on imported construction materials such as lumber, steel, aluminum and copper. The case before the Supreme Court contests the legality of the president's use of the International Emergency Economic Powers Act (IEEPA) to enact sweeping tariffs on almost every country, including the reciprocal Liberation Day levies announced on April 2.

With all of these deals, the ones in Asia, the ones we're announcing today, we maintain the tariffs, we give some tariff relief on certain products or goods, but at the same time, we open up foreign markets in ways that they have not been open before,

New figures from the Office for National Statistics show that the value of UK exports to the US fell by £500 million in September, an 11.4% drop month on month, taking trade back to levels last seen in January 2022. The ONS said exports have "remained relatively low since the introduction of tariffs in April", when the Trump administration imposed a 10% baseline tariff on most UK goods.

In October, the Trump administration secured new trade deals with Malaysia, Cambodia, and Thailand that included a call for a permanent end to tariffs and taxes on digital goods and online services. The agreements reaffirm the United States' long-standing position that digital commerce - software, streaming, cloud storage, and similar services - should flow freely across borders, untaxed and unrestricted.

The consolidated cases, Learning Resources v. Trump and Trump v. VOS Selections, challenge Trump's claim that he has the power to issue tariffs under the International Emergency Economic Powers Act of 1977, which permits the president to regulate transactions involving any property in which any foreign country or national thereof has any interest, in order to deal with an unusual and extraordinary threat.