Aug. 5 at 5:12 PM
$BRZU Brazil's largest export is coffee, and China is reportedly considering importing coffee as Brazil faces the threat of a 50% tariff. Buying coffee wholesale and selling it to Asian countries is a lucrative business. Typically, in the distribution process, those with cash buy wholesale at a lower price and sell retail at a higher price. This is a profit for some. It's also beneficial for Korea, as nearby Korea consumes more coffee than China. I think it would be a great benefit to business people. Coffee is a popular beverage, so if a 50% tariff is imposed on it, wouldn't the price of coffee rise due to the increase in the cost of raw materials?
