Sen. Cortez Masto Fights Trump’s Tariffs with No Coffee Tax Act
Bill Elliot, a resident of Chico, California, enjoys making espresso at home. However, on a recent trip to Reno with his wife, he chose to indulge in coffee outside. Coffee lovers, however, are facing rising prices for their favored beverage, primarily due to tariffs imposed by President Trump.
Impact of Trump’s Tariffs on Coffee Prices
Nevada Senator Catherine Cortez Masto has spotlighted the tariffs as a cause for the significant increase in coffee prices, which have surged by 40% year-over-year. In light of these price hikes, Sen. Cortez Masto has proposed the No Coffee Tax Act. This measure seeks to roll back coffee tariffs to 0%, restoring the rates to those before Trump’s administration.
Current Tariff Situation
Currently, 99.9% of the coffee beans consumed in the United States are imported, with a significant portion coming from Brazil. Under existing policies, these imports are subjected to a hefty 50% tariff. This situation has put a strain on local businesses, including Hub Coffee Roasters in northern Nevada.
Local Business Reactions
Owner Mark Trujillo has reported that he has had to increase prices by 30 to 60%. He directly correlates these adjustments to the elevated costs resulting from the tariffs. “The costs of running our business have gone up tremendously because of these tariffs,” Trujillo stated.
Legal Considerations
Meanwhile, the legal foundation of the tariff policy is currently under scrutiny. On Wednesday, the Supreme Court heard arguments regarding the administration’s approach to tariffs. President Trump emphasized the necessity of having the ability to use tariffs comprehensively, claiming it is vital for national security.
The court has expedited the proceedings, and a decision is anticipated in the forthcoming weeks, which could significantly affect the coffee market and associated tariffs.