Summary
Jose Natal da Silva, a small coffee farmer in Brazil, is worried about a new 50% tariff on Brazilian goods announced by the United States. This tariff might decrease the demand and price for Brazilian coffee in its largest export market, affecting small farmers who produce most of the coffee in the country.
Key Facts
- The US announced a 50% tariff on Brazilian goods, which could impact coffee sales.
- Brazil is the largest coffee exporter in the world, sending 85% of its coffee abroad.
- The US is Brazil's biggest coffee buyer, purchasing 16% of its exports.
- Small farmers produce two-thirds of Brazil's coffee and may struggle with the tariff's effects.
- Climate change-related events, like droughts, have already hurt Brazilian coffee crops.
- Arabica coffee prices have dropped by 33% since February, increasing losses for farmers.
- Some farmers worry they might have to stop growing coffee due to these challenges.
- While exporters hope US buyers continue purchasing Brazilian coffee, small farmers are anxious about their livelihoods.
