Brazil set to export more coffee to China amid U.S. trade tensions
China's Approval for Brazilian Exports: China has authorized 183 new Brazilian coffee companies and 30 sesame exporters to sell their products in the Chinese market, effective from July 30, with the measures lasting five and four years respectively.
Impact of U.S. Tariffs on Brazil: The announcement comes as the U.S. imposes a 50% tariff on certain Brazilian goods, including coffee, due to political tensions, while Brazil's primary trading partner remains China, despite the U.S. having a significant trade surplus with Brazil.
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Brazil set to export more coffee to China amid U.S. trade tensions
China's Approval for Brazilian Exports: China has authorized 183 new Brazilian coffee companies and 30 sesame exporters to sell their products in the Chinese market, effective from July 30, with the measures lasting five and four years respectively.
Impact of U.S. Tariffs on Brazil: The announcement comes as the U.S. imposes a 50% tariff on certain Brazilian goods, including coffee, due to political tensions, while Brazil's primary trading partner remains China, despite the U.S. having a significant trade surplus with Brazil.
The most overbought and oversold equities around the world (NASDAQ:MCHI)
Chinese Equities Performance: Chinese equities are currently the most overbought globally, showing an increase of 19.9% from their 200-day moving average in U.S. dollar terms.
Research Source: This information is derived from a global research note by BofA Securities.
Brazil set to export more coffee to China amid U.S. trade tensions
China's Approval for Brazilian Exports: China has authorized 183 new Brazilian coffee companies and 30 sesame exporters to sell their products in the Chinese market, effective from July 30, with the measures lasting five and four years respectively.
Impact of U.S. Tariffs on Brazil: The announcement comes as the U.S. imposes a 50% tariff on certain Brazilian goods, including coffee, due to political tensions, while Brazil's primary trading partner remains China, despite the U.S. having a significant trade surplus with Brazil.
The most overbought and oversold equities around the world (NASDAQ:MCHI)
Chinese Equities Performance: Chinese equities are currently the most overbought globally, showing an increase of 19.9% from their 200-day moving average in U.S. dollar terms.
Research Source: This information is derived from a global research note by BofA Securities.
