Reuters has learned about the risks to Brazil's citrus industry due to U.S. tariffs

US President Donald Trump's duties of 50% on all products from Brazil could devastate the country's "citrus belt" and lead to a decline in the citrus industry. This was reported by the Reuters news agency on July 24.

"The new duties, which will take effect on August 1 on goods from Brazil, will increase the cost of fruits grown by 533% compared to the $415 per ton currently charged," the material says.

It is noted that against the background of innovations, local factories are reducing production, and citrus farmers are considering leaving fruits to rot due to the sharp drop in prices for this industry.

In addition, such restrictions could limit fruit imports to the United States, which buys 42% of the orange juice exported from Brazil. At the same time, the volume of trade during the season in June last year amounted to about $ 1.31 billion.

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On July 9, the American leader imposed trade duties of 50% on goods from Brazil. The law will be put into effect on August 1. Brazilian President Luiz Inacio Lula da Silva criticized the statement, noting the unfairness of Trump's remarks.

Later, on July 11, Trump ordered the imposition of 35% trade duties on goods imported from Canada.

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