CROFTON, Md. — Have you noticed the price of a cup of coffee going up? You’re not imagining it.
Industry experts confirm that commodity coffee prices have soared by as much as 40% since last year, and they say a major factor is an import tax— tariffs —hitting a product the U.S. barely produces.
The crisis for your morning brew boils down to a single fact: 99% of the coffee we drink doesn’t come from our country. Even if the beans are roasted and packaged here, the raw product is subject to import duties .
For one company in Crofton, Maryland, the bill for this trade policy has been devastating.
The tariffs hit particularly hard because, as Chesapeake Coffee Roasters General Manager Kevin Kehus explains, very little coffee grows in the U.S. His company, like most, sources most of it