Brazil Says It's Free of Bird Flu, Paving Way for Export Return
The country, which accounts for more than one-third of the global export market, completed a 28-day period without additional cases in commercial flocks, Brazil's agriculture ministry said Wednesday in a statement.
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41 minutes ago
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OJ maker sues Trump over Brazil tariffs saying his plan could drive up consumer costs by 25%
A New Jersey-based orange juice manufacturer has announced that it is suing Donald Trump's administration over the president's threatened 50 percent tariffs on Brazil, a country whose citrus exports it depends on. Johanna Foods warns that Trump's blanket levy, due to take effect on August 1, could result in a $70 million hit to its business, leading to likely layoffs and a 25 percent increase in the price of orange juice on supermarket shelves. The company said that it and its subsidiary, Johanna Beverage Company, supply nearly three-quarters of private-label, not-from-concentrate orange juice consumed in the United States. They supply a number of major mass grocery retailers, including Aldi, Walmart, Sam's Club, Wegman's, Safeway, and Albertsons. Trump's tariff would represent a particular blow because, by the Department of Agriculture's own estimate, Brazil supplies more than half of the orange juice on shelves in American stores, and 80 percent of the global total. White House spokesperson Kush Desai told The Independent: 'The administration is legally and fairly using tariff powers that have been granted to the executive branch by the Constitution and Congress to level the playing field for American workers and safeguard our national security.' Johanna argues in its lawsuit that Trump's threat against Brazil, revealed in a letter sent to the country's president Luiz Inacio Lula da Silva on July 9, was not a formal executive order and did not provide any legal basis for the action. The president followed up his letter by alleging on Truth Social that President Lula had engaged in a 'Witch Hunt that should end IMMEDIATELY!' after charges were brought against his right-wing predecessor, Jair Bolsonaro, a friend of the American who has been nicknamed the 'Trump of the Tropics' and who has been accused of plotting a coup. Lula responded angrily on X with a vow to reciprocate with tariffs of his own on American imports, writing: 'Brazil is a sovereign nation with independent institutions and will not accept any form of tutelage. 'Any measure to increase tariffs unilaterally will be responded to in light of Brazil's Law of Economic Reciprocity.' Trump's economic adviser, Kevin Hassett,struggled to explain the tariffs in an interview with Jonathan Karl on ABC News earlier this month, saying: 'The bottom line is the president has been very frustrated with negotiations with Brazil and also with the actions of Brazil. In the end, though, you know, we're trying to put America first.' Karl argued that the Bolsonaro case before the Brazilian Supreme Court was irrelevant to the U.S. national interest and left the adviser floundering by asking: 'On what authority does the president have to impose tariffs on a country because he doesn't like what that country's judicial system is handling a specific case?' Even before the tariffs have been enacted, Trump's threats have had an adverse impact on the South American nation's citrus belt, where orange prices have already dropped to $8 a box, about half of what they were in July 2024, according to the University of Sao Paulo's Cepea index. 'You are not going to spend money to harvest and not have anyone to sell to,' dismayed Minas Gerais farmer Fabricio Vidal told Reuters. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Yahoo
US lovers of Amazon berry açaí to feel tariff pinch
By Marcelo Teixeira and Oliver Griffin NEW YORK (Reuters) -Bowls and smoothies made of the Amazon berry açaí have become ubiquitous in many cities across the United States, but consumers may think twice about shelling out after August 1 when a 50% tariff on imports from Brazil kicks in. Nearly all of the açaí pulp sold in the U.S., as well as in Europe and Asia, where people have also developed a taste for the tangy fruit, comes from Brazil. If no trade deal is reached between the Trump administration and the Brazilian government, the bowls could cost significantly more at hundreds of shops from New York to Los Angeles. "People already complain a bit about the price. If it gets more expensive, I guess it will become more of a luxury thing," said Ashley Ibarra, who manages a Midtown Manhattan store owned by Playa Bowls LLC, a New Jersey-based company with around 300 shops in the U.S. With toppings like banana and granola, a bowl of açaí costs around $18 at Playa Bowls in New York. Competitor Oakberry Inc., the world's largest açaí chain with 700 stores in 35 countries, sells a smaller portion at a nearby Manhattan store for $13. Playa Bowls declined to comment on the tariffs, and Oakberry did not respond to a request for comment. Açaí companies tout the product as an energy booster, a powerful antioxidant and a source of Omega-3 and other nutrients. The Food and Drug Administration said more research is needed to evaluate its possible health benefits. "A friend introduced me to it one day, and I loved it, so I occasionally buy it," said Milan Shek, 50, who was having an açaí bowl mixed with cereals and fresh fruits one recent afternoon in New York. With a large markup, he said he would probably eat it less often. Brazil's production and exports of açaí have skyrocketed in recent years. The berry went from being a local delicacy in small towns in the state of Para where it is mostly grown, to a widely popular treat across Brazil. Soon, exports began to be sent to other countries. Production increased from around 150,000 metric tons ten years ago to nearly 2 million tons last year, according to data from Brazil's statistics agency IBGE and the governments of Para and Amazonas. The U.S. is the largest foreign buyer, followed by Europe and Japan. Nazareno Alves da Silva, head of the Amazon Açaí Producers Association in Para, said companies were calculating how to absorb such a large cost increase in order to continue exports to the U.S. He wasn't optimistic. "Right now, we still don't know how to do it. The numbers don't match," he said. The trade would get too expensive for many U.S. importers, while Brazilian producers would be unable to cut prices enough to accommodate the tariff, he said, adding that producers would likely have to find other markets. Even those without an açaí habit are likely to feel the pinch of the Trump administration's tariffs on Brazil. The South American country supplies about a third of the coffee consumed in the U.S., as well as orange juice and beef. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 hours ago
- Yahoo
Man Utd outcast Antony 'open' to joining Cristiano Ronaldo in Saudi Pro League as 'several clubs' ask transfer questions of Brazilian winger
Brazilian enjoyed productive loan at Betis Red Devils willing to listen to offers Could embrace riches in the Middle East Follow GOAL on WhatsApp! 🟢📱 WHAT HAPPENED? The Brazil international has not travelled to the United States as part of Ruben Amorim's plans for a pre-season tour. He is expected to seal another move away from Old Trafford in the summer transfer window. THE BIGGER PICTURE United allowed Antony to link up with Real Betis in January, with a productive loan spell in Spain delivering nine goals and five assists. His exploits there have attracted admiring glances from around the world. DID YOU KNOW? Betis were keen to get another deal done, but lack the funds required to agree a permanent transfer. United need to make at least £32.58 million ($44m) on a player that they signed for £85m ($114m) in order to avoid making a loss under Profit and Sustainability Rules (PSR). WHAT ANTONY'S AGENT SAID Teams in the Middle East would have no problem meeting that asking price, with Antony's representative Junior Pedroso telling WinWin: "What I can say is that the player is on the market, and there are several clubs that want to know his current status. We listen to the projects and analyse them. But he is open to moving to Saudi Arabia. Anything is possible, we are looking for what is best for him." WHAT NEXT? Antony is under contract with United until 2027, with the option for a 12-month extension beyond that point. He is one of several players that Amorim is looking to move on, with fellow winger Marcus Rashford having already left for Barcelona.
