Your morning coffee might soon cost more, thanks to new U.S. tariffs shaking up global trade. Starting August 6, duties on select Brazilian imports skyrocketed from 10% to 50%—and coffee beans aren’t escaping the hike. ☕💸
While over 60% of Brazil’s exports to the U.S. remain tariff-free, the bitter twist? Coffee is not on the exemption list. Analysts warn this could ripple through supply chains, potentially jolting prices for American caffeine lovers and squeezing Brazil’s $5B+ coffee export industry.
Brazil’s vice president downplayed the immediate impact, noting only a third of exports face higher rates. But with the U.S. being Brazil’s second-largest coffee buyer, the stakes are high. São Paulo-based reports suggest farmers are already bracing for turbulence. 🌱⚡
Will your latte budget take a hit? Stay tuned as this trade brew percolates.
