By Brazil Stock Guide – The United States has scaled back the 40% additional tariff imposed on Brazilian imports earlier this year, removing a wide range of agricultural goods — from beef and coffee to tropical fruits and orange juice — under a new executive order signed by President Donald Trump.
The measure applies retroactively to goods entering the US on or after November 13, marking the first meaningful rollback of the tariff package announced in July. The exemption now covers a substantial share of Brazil’s agricultural exports to the US, including premium beef, green and roasted coffee, concentrated juice, nuts and a variety of tropical fruits.
The change directly affects major listed companies such as JBS, Marfrig and Minerva, which ship high-value beef cuts to the US; São Martinho and Raízen, active in sugarcane chains also linked to juice and by-products; and orange-juice processors tied to global export flows, including Cutrale and Citrosuco. Coffee exporters concentrated in Minas Gerais and Espírito Santo — many of them suppliers to global traders — also stand to benefit from the removal of the surcharge.
Products excluded from the additional duty include fresh and frozen beef cuts, bovine offal, green and roasted coffee, cashews, macadamias, Brazil nuts, mangoes, papayas, pineapples, coconuts, as well as fruit juices, purees, pulps and related preparations. Some processed beef products, including corned beef, were similarly removed from tariff coverage.
The White House said agencies observed “initial progress” in negotiations launched after a bilateral call between Trump and Brazilian President Luiz Inácio Lula da Silva in early October. Importers will be eligible for refunds of the 40% duty paid on newly exempt products since mid-November, easing cost pressures in US retail chains and supporting the resumption of Brazilian shipments.
For companies such as Marfrig and Minerva, the adjustment removes a key obstacle to maintaining margins in the US fresh-beef segment. JBS, already one of the largest meat suppliers in the American market, gains flexibility across both premium and commodity cuts. In coffee, the removal of the surcharge supports exporters that serve multinational buyers, strengthening the position of cooperatives and major private traders. In juices and tropical fruits, firms associated with the global orange-juice corridor — including the dominant processors supplying US supermarkets — see a clearer path to normalize export volumes.
Despite the partial rollback, the national emergency declared by Washington remains in effect, preserving the administration’s discretion to re-expand or recalibrate tariff coverage depending on the outcome of ongoing talks. The adjustment signals economic de-escalation but leaves Brazil’s agricultural sector exposed to further shifts in US trade strategy.
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