US roasters tear through coffee stocks waiting for Brazil trade deal

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Saturdays

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Coffee lovers in the U.S. are facing a major price hike due to a tariff on Brazilian coffee, which provides a third of the country's supply. The Trump administration's fifty percent tariff has led to stranded shipments, increased fees, and higher prices for consumers. If negotiations fail, roasters and shops may run out of affordable options by December, leading to a search for alternative beans and potential profit margin drops. The price crunch is also affecting grocery aisles and wallets, with ground and roasted coffee prices jumping forty-one percent in September. Traders predict the worst of the coffee crunch will arrive by December, unless a deal is reached soon.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.