On August 6, the U.S. slapped a 50% tariff on certain Brazilian imports—5 times the old 10% rate. Many goods dodge this hammer, but coffee isn't one of them. 🔥
Brazil's vice president says the higher duties target just over a third of Brazil's exports to the U.S. That means your morning espresso could get pricier, whether you're sipping at a São Paulo café or grabbing a to-go cup in New York. ☕️
Roasters and café owners in both countries may scramble to adjust prices, find new beans, or even absorb the cost. Coffee consumers might see a jump at the register, while Brazilian growers could lose a key buyer. It's a real-world case of supply and demand 101—traded on the global stage. 📈🌍
This brewing battle is just beginning. Will coffee chains pass the cost to fans? Will roasters scout for alternative suppliers? Either way, the world's favorite pick-me-up just got a lot more interesting.
Reference(s):
cgtn.com
