C
Originally published by Capital Business
📰 Read Full Article
business
September 5, 2025
7h ago

Trump’s tariffs are pushing food and drink exporters closer to China

Trump’s tariffs are pushing food and drink exporters closer to China

SEPT 5 - US President Donald Trump says his sweeping tariffs on most of the world will create jobs in the US, boost the American economy and bolster Kenya breaking news | Kenya news today |..

✨ Key Highlights

US President Donald Trump's sweeping tariffs are inadvertently pushing food and drink exporters, especially those from Brazil and India, towards alternative markets like China, rather than boosting the American economy as intended. These tariffs are leading to increased interest in trade with China and are expected to raise prices for American consumers.

  • Brazil's coffee exports face a 50% US import tax, leading to over 180 Brazilian coffee firms registering to export to China in July.
  • Supply chain specialist Hugo Portes noted that China has become "a shining light" for Brazil's coffee exporters due to its growing cafe culture and immense market.
  • India's tea and seafood exporters, facing similar 50% US tariffs, are also increasingly looking to China, their next-biggest export market, and Europe for trade diversification.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article