Potential Tariff Adjustments for Aligned Partners: Coffee, Cocoa Among Exempt Commodities
As of September 5, products like coffee, cocoa, and tea (along with hundreds more) may be exempt from US reciprocal tariffs if a country’s leaders make a deal with the US trade team, according to a White House fact sheet that specifies exemptions for trading partners that make substantial, reciprocal commitments to mitigate the national emergency-inducing trade-deficit.
To date, market participants watched as deals with the European Union and Indonesia provided a vague mention towards exemptions for “natural resources” like EU cork...
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