Trump’s Colombia tariffs threats raise pressure on coffee prices

President Trump’s threat to impose retaliatory 25% tariffs on Colombia briefly ignited fears of a further surge in already high coffee prices.

Why it matters: Beans from Colombia make up 20% of U.S. coffee imports, and the only source larger, Brazil, is struggling with weak crops after a series of weather disasters.

Catch up quick: On Sunday Trump said he would impose an emergency 25% tariff on all goods imported from Colombia — rising to 50% in one week — after the country refused to accept two deportation flights from the U.S.