Import taxes introduced by the administration of US President Donald Tramm have caused domestic coffee prices to increase significantly. According to CNN, retail coffee prices increased nearly 21% over the same period last year.
The main reason is due to the imposition of a 50% tax on imports from Brazil, as well as a 20% tax on Vietnamese coffee products and 10% tax on Colombian coffee products.
The United States imports more than 99% of its coffee consumption, with the largest suppliers being Brazil (over 30%), Colombia (18.3%), and Vietnam (6.6%). Faced with this situation, two members of Congress from the Republican and Democratic parties introduced the Coffee Tax Elimination Bill in September, which will eliminate taxes on imported coffee products.
Previously there was information that China Respond to trade threats USA.
