A new bipartisan bill seeks to eliminate coffee tariffs imposed during the Trump administration. The 'No Coffee Tax Act' aims to restore tariffs on coffee to zero, benefiting American consumers. Currently, coffee prices have surged nearly 21% compared to last year, causing financial strain for families. The bill, introduced by representatives Don Bacon and Ro Khanna, targets tariffs affecting all coffee products, including roasted and decaffeinated coffee.
• The proposed legislation would remove tariffs on coffee after January 19, 2025.
• The US relies on imports for over 99% of its coffee consumption, making tariffs particularly impactful.
• Brazil, the largest coffee supplier to the US, faces a 50% tariff under current policies.
• The bill highlights the need for Congress to reclaim tariff-setting authority.
This legislation is significant as it addresses rising coffee prices that affect everyday consumers. By removing these tariffs, lawmakers hope to alleviate financial pressure on families and ensure that coffee remains an affordable staple in American households.
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