Peru says new US tariff exemption includes about 100 food products

LIMA: Peru's Foreign Trade and Tourism Minister Teresa Mera said on Monday that a new U.S. tariff exemption includes more than 100 products from the Andean country's agricultural export basket that were worth about US$1.2 billion last year.

AI Brief

Trump removes tariffs on over 200 food products to address rising grocery prices in the US.
Peru says US$1.2B worth of exports, 24% of its US shipments, are now tariff-free.
Blueberries, Peru's top US export, were not included in the exemption.

U.S. President Donald Trump last week rolled back tariffs on more than 200 food products, including such staples as coffee, beef, bananas and orange juice, in the face of growing angst among American consumers about the high cost of groceries.

In a ministry statement, Mera said the exempt products totaled about US$1.2 billion in exports last year, representing 24% of Peru's shipments to the U.S. market.

However, blueberries, Peru's top export to the U.S. was not included in the new tariff exemption.

Peruvian exports to the United States have risen this year, with sales reaching around US$6.7 billion between January and September, an 8.2% increase from a year earlier, according to Commerce Ministry data.