Trump Tariffs Brew a Coffee Price Storm

US retail coffee prices surged nearly 21% year-over-year in August, the largest annual jump since October 1997. A key culprit? Trump-era tariffs on major coffee bean suppliers like Brazil, which faces a hefty 50% tariff. This, along with tariffs on Colombia and Vietnam, is forcing coffee companies to raise prices, hitting consumers hard. While some brands like Folgers have already implemented multiple price hikes, and French Truck Coffee added a surcharge, Starbucks claims its buying practices will delay the full impact until 2026.
Read more