Tariff threat raises concerns for Minnesota business of Colombian coffee

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Tariff threat raises concerns for Minnesota business of Colombian coffee

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Tariff threat raises concerns for Minnesota business of Colombian coffee

//business-finance.news-articles.net/content/202 .. -for-minnesota-business-of-colombian-coffee.html

Published in Business and Finance on Monday, January 27th 2025 at 0:21 GMT by MSN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Yair "Leo" Carvajalino is a third-generation coffee farmer from Colombia who now lives in Minnesota. Norte CafÃ© provides 100% Colombian coffee.

2025-01-27 231 x 130 / 5472 Bytes

The article from MSN discusses the potential impact of a new tariff on Colombian coffee imports on a Minnesota-based business, Cafe Steam. The owner, Steve Rosenthal, expressed concerns over the proposed 25% tariff on Colombian coffee, which could significantly increase costs and affect the business's viability. This tariff is part of a broader trade dispute between the U.S. and Colombia, stemming from issues related to digital trade and intellectual property rights. The tariff could lead to higher prices for consumers, reduced profit margins for importers, and might force businesses like Cafe Steam to either absorb the costs or pass them onto customers, potentially reducing demand. The article highlights the broader implications for small businesses and the coffee industry, emphasizing the delicate balance of international trade relations and their direct impact on local economies.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/tariff-threat-raises-concerns-for-minnesota-business-of-colombian-coffee/ar-AA1xUVXz ]