Rising coffee prices are causing concern for consumers as costs hit record highs. The surge is linked to a combination of factors, including tariffs imposed by former President Donald Trump and poor harvests in key coffee-producing countries. The price for a pound of coffee beans has jumped significantly, reaching $8.87, the highest this century.
• Tariffs of 50% on Brazilian coffee are a major contributor to rising prices.
• U.S. coffee imports have decreased dramatically, with a 50% drop from Brazil.
• Major coffee producers like Switzerland and Canada are also affected by tariffs.
• Local businesses, such as Corvo Coffee, are raising prices to cope with increased costs.
This situation matters because it impacts not only coffee drinkers but also businesses that rely on stable prices. As prices rise, consumers may change their buying habits, potentially affecting the entire coffee market. The ripple effects of these tariffs and poor harvests could lead to long-term changes in consumer behavior and industry dynamics.
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