From our desk to yours. Daily.
Join our growing community of members and receive a free version of our daily newsletter on what really matters in cocoa.
No spam. Unsubscribe anytime.
The latest US tariff regime has raised concerns across global commodity markets, but its direct impact on cocoa-producing countries appears more limited than the headline tariff rates of 10% and 12.5% suggest.
The tariffs took effect on 24 July following a US Trade Representative (USTR) investigation into whether trading partners have adopted and effectively enforced prohibitions on imports produced with forced labour. The Trump administration says the measures are intended to encourage stronger action against goods linked to forced labour entering international supply chains.
However, the final USTR notice explicitly exempts several key cocoa products from the additional duties. These include cocoa beans, cocoa paste, cocoa butter, and unsweetened cocoa powder.
For the cocoa sector, the distinction between exempt intermediate products and potentially exposed finished products could prove significant.
Major Cocoa Products Exempted
The exemptions cover Harmonized Tariff Schedule (HTS) headings 1801–1805, including: