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Global coffee prices plunge after Trump lifts Brazil tariffs

Gulf Today

|

November 23, 2025

Global coffee prices plunged on Friday after US President Donald Trump removed 40% tariffs on imports of many Brazilian agricultural products, including green coffee beans.

US retail coffee prices rose an annual 40% in September, due in part to tariffs. Rising food prices are a major factor behind Trump's approval ratings falling to their lowest since his return to power, a Reuters/Ipsos poll found.

Trump's overnight move follows a similar order announced last Friday to roll back duties on coffee and scores of other products from producing countries.

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