00:00It's Benzinga bringing Wall Street to Main Street
00:02The U.S. coffee industry asked Trump to keep Brazilian green coffee exempt from tariffs
00:06as the administration reviews tariffs on Brazilian imports, according to Reuters.
00:11The National Coffee Association also asked the administration to add instant coffee to
00:15the list of tariff-free Brazilian products.
00:17The group said instant coffee is important for U.S. coffee companies developing ready-to-drink
00:22coffee cans and other products.
00:24Trump could impose a 25% tariff on several Brazilian imports, citing concerns over digital
00:29trade, illegal deforestation, and other issues.
00:32Brazil supplies about a third of U.S. coffee needs.
00:35A 50% tariff on the country's exports disrupted the U.S. coffee industry until Washington exempted
00:41green coffee.
00:42The NCA said tariffs have contributed to price inflation on popular coffee products.
00:47For all things money, visit Benzinga.com.
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