U.S. Representatives Don Bacon and Ro Khanna are set to introduce a new bipartisan bill that aims to exempt coffee products from tariffs. This move comes in response to rising coffee prices, which have surged by 21% in recent months. A significant factor in this increase is the 50% tariff imposed on Brazilian coffee imports, which previously supplied a third of the coffee consumed in the U.S. The legislation seeks to remove tariffs on coffee products, including roasted, decaffeinated, and coffee substitutes, imposed after January 19, 2025.
• The bill is a response to the steep rise in coffee prices, which have jumped nearly 50% since the tariff was enacted.
• Bacon emphasizes that families are feeling the financial strain due to these price hikes.
• Khanna expresses frustration over the impact on everyday coffee drinkers.
• The bill aims to reignite discussions about Congress's role in tariff policy.
This legislation is important not only for coffee drinkers but also highlights the need for Congress to reassess its approach to tariffs and trade. Lowering coffee prices could alleviate financial pressure on families and stimulate discussions about broader economic policies.
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