Coffee prices in the US are expected to increase sharply due to reciprocal taxes.

President Donald Trump's new tariffs on coffee and cocoa producing countries, including Colombia, Brazil, and Vietnam, could lead to a significant increase in the cost of these products for American consumers. This comes at a time when coffee and cocoa prices are already rising due to a supply shortage caused by adverse weather conditions. The tariffs will undoubtedly drive up the price of coffee beans for roasters, which in turn will be passed on to consumers. The US depends heavily on imported coffee and cocoa, producing only a minute fraction of its consumption.

According to vneconomy.vn American consumers are facing the possibility of having to spend more for each cup of coffee or chocolate bar they consume, thanks to new tariffs imposed by President Donald Trump on the world's largest coffee and cocoa producing countries. The tariffs are being imposed at a time when coffee and cocoa prices are skyrocketing due to a shortage of supply. According to the Financial Times, the US imports most of the coffee it consumes from Colombia and Brazil, the two largest producers of arabica coffee in the world. According to the reciprocal tariff plan announced by Mr. Trump on April 2, coffee from these two South American countries exported to the US will be subject to a 10% tariff. In addition, the 46% reciprocal tariff that the US imposes on Vietnam will also greatly affect coffee prices in the US, because Vietnam is the leading producer of robusta coffee - the type often used to produce instant coffee, and is also another important coffee supplier ...