Part 6/10:
One immediate effect of Trump’s threats was a surge in coffee prices—Brazil being the world's largest coffee producer. Arabica futures on the New York market soared by over 3.5% before moderating slightly. This reflects the economic ripple effect of political actions, especially in commodities vital to global markets. Coffee industry stakeholders express concern that tariffs could increase US coffee costs by approximately 34%, impacting consumers and traders alike.