Concerns are rising among coffee shop owners about the potential impact of new tariffs on Brazilian coffee beans. If a 50% tariff is enforced by August 1, it could lead to higher prices for coffee products. Highland Coffees owner Clarke Cadzow is particularly worried about how this could affect prices across the board, even for beans not sourced from Brazil.
• Cadzow notes that while Brazilian beans are not their main product, the tariff could raise costs for other imported beans.
• He explains that the price increase might be minimal, with possible hikes of around 10 cents for popular drinks like pumpkin lattes.
• Cadzow is preparing for the busy coffee season but is cautious about stocking up on beans, as they can age quickly.
• Currently, prices remain stable, but he anticipates adjustments if the tariffs are implemented.
These developments highlight the interconnected nature of global trade and local businesses. Price fluctuations can affect consumer choices and the overall coffee market, making it essential for coffee shops to adapt to changing conditions.
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