Your morning cup of coffee is about to cost even more — thanks to U.S. tariffs | CBC News

CBC - 21/04
The price of a cup of coffee in Canada is expected to rise as the world continues to feel the effects of U.S President Donald Trump's tariffs, according to industry experts and cafés.

The price of a cup of coffee in Canada is expected to rise as the world continues to feel the effects of U.S President Donald Trump's tariffs, according to industry experts and cafés.

Trump had threatened extremely steep tariffs on coffee-producing countries like Vietnam, Indonesia and India earlier this month — before saying he would pause those tariff rates and impose a 10 per cent baseline rate for all imported goods.

While those rates would be paid by U.S. importers, many Canadian coffee roasters and brands source their product from U.S. wholesalers and warehouses.

Experts say this means the price of coffee in Canada, which has been on the rise for years, will go up further as Canadian coffee brands have to pay the increased costs, as well as counter-tariffs on U.S. goods that they import.

"...
[Short citation of 8% of the original article]

Loading...