Coffee prices are rising, despite Trump’s canceled tariff on Colombia

By Vanessa Yurkevich, CNN Coffee prices hit a new high on Monday, a day after President Donald Trump threatened — and then backed off — a 25% tariff on Colombia during a dispute over deportation flights from the US. And the price is still going up. Although the tariff never went into effect, the mere threat sent jitters throughout the coffee market. Colombia is the world's third-largest coffee producer, behind Brazil and Vietnam.

Coffee prices are rising, despite Trump’s canceled tariff on Colombia

Coffee prices hit a new high Monday, the day after President Donald Trump threatened – and then reversed course on – a 25% tariff on Colombia during a spat about deportation flights from the US. And the price is still rising.

Coffee price soars to new high even as Trump backs off Colombia trade war

President Donald Trump has backed off his threatened trade war with Colombia, but that hasn't stopped one of that country's cheap exports from surging in price.The Wall Street Journal reports that arabica coffee prices hit a "record level" on Monday as futures for the commodity "rose 0.8% to $3.50 a...

The futures of Arabic coffee rose to a new record after a short-lived U.S. tariff threat against Colombia added to commercial uncertainties in a market that struggles with tight global supplies. U.S. President Donald Trump ordered his administration on the weekend to impose tariffs and sanctions on Colombia for refusing to allow the landing of two military planes carrying deported migrants. Shortly thereafter, the White House said it would postp…

Fox's Doocy: 'Would You Pay An Extra Quarter On Coffee To Send Those People Back?'

The crew on this Monday's Fox & Friends were treating Trump like the greatest thing since white on rice following his bullying tactics threatening tariffs with Colombia. As Reuters reported, the US and Columbia have reached a deal for now on deportations, sanctions and tariffs: The U.S. and Colombia pulled back from the brink of a trade war on Sunday after the White House said the South American nation had agreed to accept military aircraft carr…

The good news for coffee growers at the beginning of the year is that on New Year's Eve, coffee prices on the two exchanges in London (UK) and New York (USA) increased to the ceiling, signaling a new year of continued great success.