Coffee prices are climbing as climate change and tariffs impact the supply of raw coffee beans. Regions that grow coffee are facing extreme weather, while tariffs on imports add to costs. This situation could lead to higher prices for consumers.
• Climate extremes, such as flooding and heat, are affecting coffee production in major growing countries like Brazil.
• Local coffee shops, like Brew Peddler in Spokane, report an average increase of about a dollar per pound for coffee beans.
• A 10% tariff on coffee imports remains in place, along with a much higher tariff on Chinese goods, complicating the business landscape.
• Despite these challenges, some coffee shop owners remain optimistic about maintaining their prices and business operations.
Understanding these factors is crucial as they can lead to increased costs for consumers. As coffee becomes more expensive, it may affect how often people enjoy their daily cup. The broader implications of climate change and trade policies are significant, impacting not just businesses but also consumer habits and the economy.
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