Bad news for coffee drinkers: The record-high prices you’re paying will go even higher when tariffs take their toll
1. U.S. coffee tariffs increased from 10% to 50% on imports from Brazil. 2. Climate issues have severely impacted global coffee production since 2020. 3. Coffee prices reached a record high of $8.87 per pound in August. 4. Expect beverage prices to rise further as tariffs affect retail markets. 5. Coffee supplies from Brazil to the U.S. dropped over 75% in August.