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Trump’s cold brew: New York coffee shops warn of higher prices amid steep tariffs (www.theguardian.com)

submitted 9 months ago by Powderhorn@beehaw.org to c/usnews@beehaw.org

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The Trump administration has targeted Brazil with steep US tariffs of 50%. Coffee shops in the heart of New York are bracing for impact.

When the Trump administration announced another wave of sweeping tariffs, particularly on Brazil, Stone Street Cafe’s managing partner was first confused. Then came fear. A cafe already runs on slim margins and extra costs passed on from tariffs could risk everything.

“If these tariffs are long term, it will put our business in jeopardy,” Antony Garrigues, managing partner of Stone Street Cafe, said. “In New York City, the operating costs are already so high, and these tariffs will make everything much more expensive.

“In the end, if people cannot afford our coffee, and we do not have a profit margin, we will not make it.”

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