Coffee Memo with Rob Stephen

Coffee Memo | Headline Edition: Tariff Updates

Episode Summary

Tariffs are in the news so Rob breaks down what's happening and, more importantly, what's not happening.

Episode Notes

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• Although it's been announced that reciprocal tariffs on coffee are no longer in effect as of Friday, November 14th at 12:01 am, punitive tariffs, like those being applied to Brazil and India, remain in place for now.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.