Source: China – South China Morning PostChina 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…Read More