For the first time since the colonial era, U.S. tariffs are set to affect the coffee market. A 10% tariff on Brazilian coffee—the U.S.’s largest supplier—could raise prices for American consumers and reduce demand. The move comes as Brazil faces reduced coffee supplies due to a severe drought, with arabica bean prices already near record highs. Coffee farmers, like those on a family-run farm featured by CGTN, say they’ve never faced a situation like this before.
Source: CGTN