The latest tariffs imposed by the U.S. government are set to impact coffee prices significantly. Coffee shops are facing increased costs for importing beans and other supplies, which may lead to higher prices for consumers. The situation is worsened by existing challenges in coffee-producing countries, leading to a perfect storm for coffee lovers.
• A 10% global tariff on U.S. coffee imports is currently in place, with additional tariffs on specific countries.
• Coffee prices have already surged, with ground coffee reaching an all-time high of $7.38 per pound.
• Many coffee shops are considering price hikes in response to rising costs for beans and packaging materials.
• Tariffs on packaging from China could add up to 125%, further straining small businesses.
This situation is crucial as it highlights how global trade policies can directly affect everyday consumer goods. As coffee prices rise, consumers may need to rethink their coffee choices and spending habits. The impact on small coffee businesses could lead to fewer options and higher prices, changing the coffee culture in America.
Enjoying the read? Subscribe for free to one of the fastest-growing newsletters and get weekly coffee news (TL;DR updates) delivered right to your inbox.