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| Trump's Brazil tariffs could push US coffee prices even higher |
| New York, 14.07.2025 |
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| Import tariffs announced by US President Donald Trump on Brazilian products in recent days have unsettled coffee markets and are expected to cost Americans even more after previous price increases, according to coffee analysts and traders interviewed by Reuters this week.
Brazil is the world's largest producer and exporter of coffee and, as Americans drink the most coffee in the world, is also the largest buyer of the commodity from Brazil. Nearly 200 million Americans drink at least one cup of coffee a day.
After Trump announced on Wednesday (July 9) that he planned to impose a 50% tariff on Brazilian goods starting August 1, coffee market sources said that if the tariff is confirmed in a few weeks, new shipments of Brazilian coffee to the United States could stop. The United States imported 8.14 million 60-kilogram bags of coffee from the South American country last year, about a third of total U.S. consumption.
“Tariffs at that level will practically stop imports,” said Michael Nugent, owner of investment services firm MJ Nugent & Co., adding that Brazil would then turn to other markets. “The U.S. will buy coffee from Colombia, Honduras, Peru and Vietnam, but not in Brazilian volumes and at Brazilian prices,” Nugent added.
Coffee traders have also expressed the same expectations. According to them, any alternative to Brazilian coffee will be more expensive. “Countries prefer to buy from Brazil because it offers significantly better financial terms,” said the director of one trading company on the American West Coast.
Brazilian traders of this commodity made similar statements. Paulo Armelin, a major Brazilian producer who sells directly to U.S. roasters, said his customers would not be able to pay for their supplies if a 50 percent tariff were imposed. “We will have to look at other markets, Germany comes to mind,” he added.
The hope is that the U.S. produces a very small percentage of the coffee consumed. Coffee is grown only in Hawaii, with a few farms in California.
U.S. Commerce Secretary Howard Lutnick said in June that some commodities that are produced in small quantities in the U.S., such as tropical fruits and some spices, could be exempt from the tariffs. But he said it would all depend on negotiations with countries where production is higher.
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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