A good cup of coffee is an affordable luxury. Unfortunately, it’s becoming less affordable by the day.
In a major shift to U.S. trade policy, the Trump administration’s “Liberation Day” tariff package has introduced import duties on raw coffee beans, a move that’s sparking alarm in an industry already strained by record-high prices.
In February, the global price of arabica coffee reached $4.41 per pound, the highest price in recorded history, surpassing the spikes of 2011 and the frost crisis of 1977. That milestone occurred before any tariffs were announced, and though the price has since receded, it remains at elevated levels. As of June, a pound of roasted coffee costs U.S. customers nearly 13 percent more than it did a year earlier.
Now, with new duties added, a wave of panic is rip