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Monday is National Coffee Day, meaning caffeine lovers can find a free or discounted cup of coffee pretty easily. But come Tuesday, it’s back to regular prices — and those are significantly higher than they were this time last year.
Coffee, for the most part, isn’t grown domestically. It’s primarily imported from Venezuela, Columbia, and Brazil. All of these countries are facing reciprocal tariffs, in some cases as high as 50%. Those additional costs come as drought and inclement weather have caused supply disruptions, which are impacting baseline costs.
Things could be getting worse, too. The head of Brazil exporter group Cecafe says coffee exports from that country to the U.S. are likely to decline if tariffs remain in place. Coffee sales from Brazil were already down 46% in August, meaning the U.S. was no longer the biggest market for Brazilian growers.
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This article originally appeared here and was republished with permission.
