Early this week, the US slapped a 50% tariff – up from 10% – on a slice of Brazilian exports as of August 6. While many goods got a free pass, coffee isn't one of them. That means US roasters and coffee chains could face steeper import taxes on beloved Brazilian beans ☕️.
Imagine your morning brew suddenly costing more: that's the real-world effect. Tariffs are basically import taxes charged at the border. With this jump, US importers might hike prices, and your daily latte at your fave cafe could feel the pinch 💸😬.
Brazil's vice president says the new rates only hit about one-third of Brazil's exports to the US. But coffee's global nature means changes in the world's top coffee-growing nation often ripple across markets. Expect roasters in Europe, Asia and beyond to watch this move closely 📈🌍.
In South and Southeast Asia, where coffee culture is booming – from kopi at hawker stalls in Singapore to filter coffee in Chennai – the impact could be indirect but real. Global bean prices might tick up, nudging up your cafe visits or at-home brews ☕️📲.
For young pros juggling budgets and caffeine needs, this is a good reminder to keep an eye on the global supply chain behind that simple cup of joe. Who knew geopolitics could taste like espresso? 😉
Reference(s):
cgtn.com
