ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The US can only import 3 tons of coffee from Brazil each month.
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embargo
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quota
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tariff
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None of the above
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Explanation:
Detailed explanation-1: -The United States imported around 6.92 billion U.S. dollars worth of coffee in 2021, making it the leading importer of coffee worldwide that year. Germany followed in second place, importing around 3.84 billion U.S. dollars worth of coffee.
Detailed explanation-2: -The weather is partially to blame (Robusto is the other main variety of coffee grown and brewed around the world.) Drought, followed by severe frosts has curtailed production in Brazil, which accounts for 30% of US coffee imports, the largest share.
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