Live Data: U.S. Tariffs on Coffee Producing Countries

@Khenpal1 that increase is only if current consumption remains stable. Some people might have to eliminate coffee for other foods. Not everyone is rich like trump believes.

@Khenpal1 Wouldn't that mean that import tariffs are almost irrelevant when it's about the price of coffee beans at the grocery store?

@helenS Shops etc.. are part of chain reaction. Farmers , weather , pesticides , transport , roasting coffee, tax. What determines the price of coffee?
Coffee futures are traded on different exchanges. The two major global exchanges are ICE in New York (also known as the C market), which trades Arabica, and LIFFE in London for Robusta. The ICE and LIFFE set the price of coffee, which is known as the C price The better the quality of the coffee beans and the better the processing, the higher the price. The wet method of coffee processing is the most expensive, but the most common are dry, semi-dry and semi-moist. It is known that high-altitude Arabica is the most expensive.Like sugar, wheat, cotton, oil, or gold, coffee is considered a commodity, and the back and forth flow of selling and buying is what informs the ever-fluctuating price of coffee, or “C” price. Fun fact: the “C” in C Market actually stands for “centrals” and not “coffee” or “commodity” as some think.Coffee cost $0.30 – $0.40
Labour $0.20
Total $0.80 – $1.00
Average Price of a Coffee $3.50 – $4.50
Net Profit ($2.50 – $3.50 per cup) 300% – 400% [media=https://www.youtube.com/watch?v=tTV9cCrTn54]

@MarmeeMarch Trade deficits occur when a country imports more goods and services than it exports, resulting in a negative balance of trade. They can affect domestic industries, employment, and economic growth, and are influenced by factors such as exchange rates, trade policies, and global economic conditions. Higher tariffs may increase the trade deficit—because countries with higher tariffs tend to have larger deficits. However, a likely explanation for this correlation is that a country’s stage of development drives both tariffs and deficits, while tariffs have little direct impact on deficits. Most of the countries with high tariff rates are developing economies. These countries are much poorer than the United States and many find that taxing imports at the port of entry is administratively and politically easier than taxing domestic transactions.Given their low levels of economic capital, many are borrowing to finance their development, which implies a negative trade balance.The data show that even tariffs as high as 30 percent are not able to prevent countries from running much larger trade deficits than the United States currently does. The reason is that when tariffs reduce imports, they also reduce the supply of dollars that pay for imports. A reduced dollar supply to foreigners drives a higher dollar price, which makes US exports more expensive for foreigners The result is that imports do not shrink as much as would be expected from the tariff alone and exports shrink by an equal amount, leaving the deficit unchanged.

@Strictmichael75 sort of love it , will you pay 20 dollars for a pair of socks ? Ladies forget panties 😂

@deadinternet Sheer price of beans is just the beginning: the 31% tariff imposed on imports from Switzerland impacts each of the +16K Starbucks shops in the US - all of their espresso machines worldwide are manufactured in Switzerland. As for Nespresso customers ? There is only one facility in the world where all capsules/pods hail from: and it is located in ...Switzerland.

@deadinternet he lied to everyone and some people are okay with that, not me!