Arabica Coffee Prices Surge Despite Tariff Dispute Resolution
Arabica coffee futures surged to a record high of $3.56 per pound, surpassing the previous record set in December. This price increase followed the retraction of President Trump’s threatened tariffs and sanctions on Colombia, a major coffee exporter to the U.S. The potential impact of these withdrawn tariffs on the coffee market was significant, given the substantial volume of Colombian coffee imported by the United States. However, the threat remains in reserve, and the broader implications of potential future tariffs on other countries, including Canada, Mexico, and China, remain a concern for commodity markets.
John Q. Hosedrinker