In Abidjan, the Ivory Coast's agriculture minister mentioned that if the proposed tariffs by U.S. President Donald Trump are implemented, the country may take steps to increase the price of cocoa. The Trump administration had declared tariffs of 21% on the Ivory Coast, though they have been delayed for 90 days. The minister expressed concerns about the impact of these tariffs on cocoa prices for consumers and suggested that the country might consider raising export taxes on cocoa to compensate. Ivory Coast currently cannot control cocoa prices as they are determined globally. The minister highlighted that ultimately, consumers would feel the effects of any price increases. According to the Coffee and Cocoa Council (CCC), Ivory Coast exports around 200,000 to 300,000 metric tons of cocoa to the U.S. annually. To mitigate potential issues with the U.S., Ivory Coast aims to enhance its trade relations with the European Union.
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