Coffee Memo | Headline Edition: Tariff Updates
Update: 2025-11-18
Description
Takeaways
- Although it's been announced that reciprocal tariffs on coffee are no longer in effect as of Friday, November 14th at 12:01 am, punitive tariffs, like those being applied to Brazil and India, remain in place for now.
- So, tariff on Brazilian coffee has gone from 50% to 40%.
- Refunds from the government are unlikely.
- There are some positive signs that the punitive tariffs on Brazil might also end but nobody really knows what will happen.
- The market did not react bearishly to the rollback on coffee tariffs as some might have expected.
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