ALL AGRI #Africa Coffee Prices

Some imported products could become cheaper in the short term as US tariffs take effect and as countries grapple with surplus in products, diversification efforts and competition. South Africa was slapped with a 30% tariff on local goods, which officially took effect on 7 August. The country said it does not plan to retaliate against Washington, but is offering a revised trade deal, which would be mutually beneficial to both nations. South Africa’s trade partners, including China, are also enduring damaging tariffs from the US, while both Brazil and India are being hit with 50% tariffs. Vietnam and Japan are facing a 20% and 15% tariff, respectively.