beef

U.S. President Donald Trump scrapped his 40 percent tariffs on Brazilian food imports on Thursday, reversing a policy that had sharply increased the price of beef, coffee, cocoa, and fruit in American markets since July.

The decision marks a significant retreat from the administration’s earlier stance, which imposed the duties to pressure Brazil over the prosecution of former president Jair Bolsonaro, a close Trump ally. The reversal suggests the White House is moving to ease costs for U.S. consumers ahead of the holiday season.

The order, published by the White House, applies to Brazilian shipments arriving on or after November …