{"id":302781,"date":"2025-11-23T04:07:15","date_gmt":"2025-11-23T04:07:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/302781\/"},"modified":"2025-11-23T04:07:15","modified_gmt":"2025-11-23T04:07:15","slug":"global-coffee-prices-tumble-as-trump-scraps-us-import-tariffs-on-brazilian-coffee","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/302781\/","title":{"rendered":"Global coffee prices tumble as Trump scraps US import tariffs on Brazilian coffee"},"content":{"rendered":"<p>            <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/11\/1763870835_622_lg-webp.webp\" alt=\"Global coffee prices tumble as Trump scraps US import tariffs on Brazilian coffee\" class=\"img-fluid w-100 showcaption-false\" style=\"width: 819px; height: 1024px;\" width=\"819\" height=\"1024\" loading=\"lazy\"\/>\n        <\/p>\n<p>Global coffee prices fell sharply on Friday after US President Donald Trump announced the removal of a 40% import tariff on agricultural products from Brazil \u2014 including coffee and cocoa \u2014 amid rising concern over soaring food prices in the United States.<\/p>\n<p>Reuters reported that global coffee futures dropped steeply on November 21, as traders responded to the tariff rollback and a growing political backlash over high living costs, which have pushed Trump\u2019s approval ratings to their lowest levels since returning to office earlier this year.<\/p>\n<p>Arabica coffee futures on the ICE exchange \u2014 the global benchmark \u2014 plunged more than 6% to a two-month low during intraday trading. By around 17.17 Thailand time, prices had pared losses but were still down 4.6% at US$3.5925 per pound.<\/p>\n<p>Robusta futures, widely used in instant coffee, fell as much as 8% during the session before settling about 5% lower at US$4,400 per tonne in the evening.<\/p>\n<p>Coffee inflation pressures US consumers<\/p>\n<p>Retail coffee prices in the United States jumped 40% year-on-year in September, partly due to the existing tariffs. More expensive food has become a key factor dragging down Trump\u2019s popularity, according to a recent Reuters\/Ipsos poll.<\/p>\n<p>Last week, Trump issued a similar directive to cut import tariffs on coffee and other agricultural goods from multiple producing countries in an attempt to ease domestic inflationary pressure.<\/p>\n<p>Brazil \u2014 the world\u2019s largest coffee producer \u2014 accounts for roughly one-third of US coffee imports. The United States is the world\u2019s largest consumer of coffee.<\/p>\n","protected":false},"excerpt":{"rendered":"Global coffee prices fell sharply on Friday after US President Donald Trump announced the removal of a 40%&hellip;\n","protected":false},"author":2,"featured_media":302782,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,1348,99,4244,21022,164,9074,9409,4688,3281],"class_list":{"0":"post-302781","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-breaking-news","11":"tag-business","12":"tag-coffee","13":"tag-drop","14":"tag-economy","15":"tag-prices","16":"tag-scrap","17":"tag-tariffs","18":"tag-trump"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/302781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=302781"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/302781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/302782"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=302781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=302781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=302781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}