Consumers, businesses brace for new tariffs to take effect

Trade War Impacts - New tariffs imposed, including 35% on Canada and 50% on Brazil, a country responsible for nearly 40% of global coffee production [1] - Countries without trade deals may face reciprocal rates, potentially leading to further negotiations [2] - Some countries have tariffs of 10% to 25% [3] - Coffee drinkers engaged in panic buying when tariffs were initially announced [4] Economic Concerns - Potential warning signs for the US economy are emerging [6] - The US President dismissed weak jobs report data as rigged [6] Business Strategies - Businesses are considering passing tariff costs to consumers or sourcing beans from different, potentially more expensive, countries [3] - Businesses are working on a game plan [3] Price Increases - Tariffs are expected to increase prices of goods, including school supplies [4][5] - Prices are already high and expected to rise further if trade issues are not resolved [5]