Source: Ludwig von Mises Institute
by Lucas Sylveira de Campos Mouawad
“President Donald Trump created new tariffs on April 2, a day he would come to call the Liberation Day. In July, he decided to increase tariff rates. On November 20, the same decided to pull 10 percent of the tariff he had imposed on Brazilian goods entering the US economy, leaving the rate at 40 percent. Brazil is the greatest coffee producer and exporter in the world, and its coffee used to represent one-third of what the United States of America consumed. With the tariffs imposed in April, prices rose rapidly and consumers in the US felt unsatisfied with the quality of product they had been getting, and — in case they wanted the same type of coffee they had been getting before Liberation Day — they would have to pay more for the same.” (12/22/25)