The President initially hiked tariffs in protest of the persecution of former President Jair Bolsonaro, who is imprisoned for attempting to stage a coup.

LONDON: Global coffee prices plunged on Friday after US President Donald Trump removed 40 percent tariffs on imports of Brazilian agricultural products. US retail coffee prices…

The President initially hiked tariffs in protest of the persecution of former President Jair Bolsonaro, who is imprisoned for attempting to stage a coup.

President Donald Trump has officially removed of a 40% tariff on certain agricultural imports from Brazil, including coffee, tea and tropical fruits.

In an executive order, Trump exempted dozens of Brazilian food products, including coffee and beef, from the 40% increased tariffs he had imposed.