U.S. coffee drinkers face pricier cup as tariffs hit key supplier

Quick Summary:

Nguyen Nam Hai, chairman of the Vietnam Coffee and Cocoa Association, said he was "stunned” to see such a high tax rate against the nation.

On Thursday, the most-active contract for robusta fell as much as 2.5%, while arabica futures dropped as much as 3.1%.

Switching to arabica may also not be viable as robusta is critical for instant coffee and espresso, she said.

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Article Details

Author / Journalist: Anuradha Raghu, Nguyen Dieu Tu Uyen, Maddie Parker, Bloomberg

Category: EconomyBusiness

Markets: United StatesVietnam

Topics: Donald Trump Tariffs and trade Tariffs Coffee

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 21:59:57 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 556 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 139 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27573234

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Official Website: fortune.com

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