Tariffs are a buzzkill for the coffee biz
Bad news, coffee drinkers: According to the latest inflation report, the average retail price of roasted coffee has risen 14.8% since last July.
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Worse news: Some of President Donald Trump’s highest new tariffs started this month and are throwing the coffee supply chain into disarray. They appear destined to send prices of America’s go-to beverage even higher in the months ahead.
High-quality coffee beans are grown in a few key countries, virtually all of which are subject to new tariffs. Brazil is by far the biggest, supplying 37% of global production last year, and it was hit with a blanket 50% tariff that took full effect Aug. 6.