China "opens doors" for Brazilian coffee - Welcomes 183 Latin American companies after US tariffs
China has approved 183 new Brazilian coffee companies to export products to the Chinese market, according to a social media post by the Chinese embassy in Brazil.
The measure, a relief for Latin American exporters following the United States government's announcement of high tariffs on Brazilian coffee and other products, took effect on July 30.
The new Chinese export permits are valid for five years, according to the post.
The 50% U.S. tariff on some Brazilian products will begin on August 6. The tax represents a challenge for commodity traders and Brazilian coffee exporters, who must find alternatives for the roughly 8 million bags sold to U.S. coffee processors each year.
China is Brazil's top trading partner overall, while the United States is a major buyer of Brazilian beef and orange juice, among other products. In June, Brazilian coffee exports to the United States totaled 440,034 60-kilogram bags, 7.8 times more than Brazil's sales to China of nearly 56,000 bags that month.
The Brazilian agriculture ministry and China's customs authority did not immediately comment on the figures.
Brazil supplies about a third of the U.S. demand for coffee each year, a trade worth $4.4 billion in the 12 months that ended in June.

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