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New U.S. tariffs on Brazil took effect Wednesday August 6, with duties previously set at 10 percent surging to 50 percent. Many imports, however, are exempt from the tariffs. Brazil’s vice president says the new rates apply to just over a third of its U.S. exports.
But one commodity that is not exempt may shake up the market in both countries, and that’s coffee.
CGTN’s Paulo Cabral shares the latest from São Paulo.
For more, check out our exclusive content on CGTN Now and subscribe to our weekly newsletter, The China Report.