Elon's New Device Could Launch Biggest IPO of the Decade

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

US coffee prices spike due to tariffs and poor weather

DEE-ANN DURBIN and CHRIS RUGABER
October 24, 2025

It's getting more expensive for Americans to get their caffeine fix.

The average U.S. price of a pound of ground coffee hit $9.14 in September, a 3% increase from the August average of $8.87 and 41% higher than in September 2024, according to U.S. government figures. Coffee prices have been increasing sharply since the start of this year.

Consumer prices for food purchased for home use and away from home were 3% in September compared to the same month a year earlier, the U.S. Labor Department reported Friday. The consumer price index, which measures a broader sample of all coffee products, including instant coffee, showed U.S. coffee prices up 19% from September 2024 and flat compared to August.

Nikki Bravo, the co-owner of Momentum Coffee in Chicago, raised prices by about 15% last week for lattes, cappuccinos and other drinks at her four locations.

Bravo said she is paying 15% more for coffee beans compared to a year ago and has started roasting more beans in-house to save money. She gets most of her beans from Africa.

Other items also have gotten more expensive, such as cups and sleeves, she said. In addition, the minimum wage in Chicago rose July 1 to $16.60 an hour.

"At some point we just had to pass it along, we couldn't continue to eat it," Bravo said.

Stubbornly high inflation has also left consumers uncertain and less willing to splash out on a takeout coffee, she added. According to Toast, a restaurant management system, the average price of a regular coffee at U.S. restaurants in September was $3.54 compared to $3.45 a year earlier.

Here's why java is feeling such a jolt and how some are trying to alleviate it:

Tariffs

Outside of Hawaii and Puerto Rico, there are few places in the U.S. that can grow coffee. So 99% of America's coffee is imported, according to the National Coffee Association, a trade group.

Brazil is the top source for U.S. coffee, supplying 30% of the market. The Trump administration imposed a 40% tariff on Brazilian products in July on top of a 10% tariff imposed earlier. Brazilian producers have begun withholding shipments to the U.S. as they negotiate with American roasters over who will absorb the added cost, reducing supply in the U.S., according to investment bank UBS.

Colombia, which supplies 20% of the U.S. coffee market, is subject to a 10% tariff, but President Donald Trump recently threatened higher tariffs and an end to U.S. aid to Colombia. Vietnam, which supplies 8% of the U.S. coffee market, has been subject to a 20% tariff since the summer.

In September, Trump announced that "unavailable natural resources" could be exempt from tariffs for countries that have reached trade agreements with the U.S. But so far, coffee hasn't won any exemptions.

Weather risks

Heat, drought and other poor weather conditions have hurt coffee production globally in recent years, causing prices to surge. World coffee prices rose nearly 40% in 2024, according to the Food and Agriculture Organization of the United Nations.

Earlier this month, coffee prices rose after the National Oceanic and Atmospheric Administration declared that La Nina conditions had formed. That raised concerns about the possibility of drought in Brazil.

The risk to coffee production from climate change has some researchers trying to develop more climate-resistant varieties of coffee.

Congress might step in

In September, a bipartisan group of U.S. House members introduced a bill that would repeal all tariffs on coffee.

"We only produce 1% of the coffee that Americans consume. It's one of the best examples of Trump's blanket tariffs making no economic sense," U.S. Rep. Ro Khanna, a California Democrat, said. Khanna co-sponsored the bill with U.S. Rep. Don Bacon, a Nebraska Republican.

Bacon said Friday that he became interested in the issue when he saw how much coffee cost at the grocery store. He said he's also not a fan of tariffs and thinks Congress -- not the president -- has the power to levy them.

Bacon said he thinks the Trump administration now realizes that putting tariffs on products that the U.S. can't grow is bad for consumers, and he's hopeful the bill will pass.

"I hope the president and Congress see the positive benefit of removing this tariff on everyday Americans," he said.

___

Durbin reported from Detroit. Rugaber reported from Washington

Continue Reading...

Popular

Trump says a Canadian ad misstated Ronald Reagan's views on tariffs. Here are the facts and context

WASHINGTON (AP) — President Donald Trump pulled out of trade talks with Canada Thursday night, furious over what he called a “fake’’ television ad from Ontario’s provincial government that quoted former U.S. President Ronald Reagan from 38 years ago criticizing tariffs -- Trump’s favorite economic tool.

2,000 mink released from Iowa farm in what trade group calls 'terrorist act'

One or more intruders broke into an Iowa mink farm and released 2,000 of the furbearing animals in what a trade group called a “terrorist act” under federal law.

This Coin Could Be Like Buying Bitcoin in 2017 - Ad

One of Bitcoin's biggest supporters on Wall Street is moving away from Bitcoin and into this special crypto. He even called this new coin, "the preferred choice for Wall Street."

Jim Cramer Warns 'Don't Be Fooled' Because Speculators In Gold, Quantum And Nuclear Energy Aren't Going Down 'Without A Fight'

Former hedge fund manager and renowned CNBC TV host Jim Cramer is sounding the alarm on certain speculative pockets of the market, urging investors to sell into the "snapback" momentum if they haven't already done so.

Eli Lilly's Oral Weight Loss Drug Shows Superiority Over Two Approved Drugs

Orforglipron meets key endpoints in Phase 3 trials, showing A1C reduction, weight loss, and cardiovascular benefits for type 2 diabetes.

The 7 Red Flags Wall Street Won't Talk About - Ad

All 7 historic crash signals are flashing red. Once the public notices, it's too late. Our free Bellwether Signal explains how to protect wealth - and why gold and silver have been the refuge in every crisis. Don't let your retirement go over a cliff.

Tim Cook To Depart, Steve Jobs' Lesson For Guy Kawasaki And More: This Week In Appleverse

From executive shake-ups at Apple to TSMC's revenue surge and Goldman's take on the AI boom, here are the top Apple stories.

Nvidia, TSMC Unveil The First US-Made Blackwell Wafer, But Analyst Ming-Chi Kuo Flags This Overlooked Detail

Nvidia Corp (NASDAQ: NVDA) has introduced the first U.S.-made Blackwell wafer, a crucial component for AI chips, at Taiwan Semiconductor Manufacturing Co's (NYSE: TSM) facility in Phoenix.

OpenAI's ChatGPT To Allow Erotica For Adults: Not 'Moral Police Of The World,' Sam Altman Says

OpenAI will begin allowing erotica and adult-themed content on ChatGPT, marking a major shift in the company's content policy.

Trump's immigration crackdown weighs heavy on the US labor market

Maria worked cleaning schools in Florida for $13 an hour. Every two weeks, she’d get a $900 paycheck from her employer, a contractor. Not much — but enough to cover rent in the house that she and her 11-year-old son share with five families, plus electricity, a cellphone and groceries.

Why Trump's "Smart Dollar" Could Rewrite the Rules - Ad

Congress just approved President Trump's latest plans for the dollar - and they're so bold that one central bank chair says we haven't seen anything like it in almost a century. Our Wall Street insider says it's the start of a once-in-a-lifetime investing opportunity, IF you act now.

Trump Commutes Former Rep. George Santos' Seven-Year Prison Term: '... Has Been Horribly Mistreated'

President Donald Trump announced on Friday that he commuted the prison sentence of former congressman George Santos (R-N.Y.), ordering his immediate release.

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

When a small group of private companies - not the Fed - will perform a major mint of a new kind of money. And those who act before this new system fully kicks in could see gains as high as 40X by 2032. But those who fail to prepare will be blindsided by this sea change to the U.S. dollar.

Why D-Wave Quantum (QBTS) Stock Is Getting Hammered Today

Shares of D-Wave Quantum are trading lower Wednesday afternoon, caught in a broader market downturn.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Polymarket Says $95,000 Is More Likely Than $130,000 — But This Bitcoin Trendline Disagrees

Bitcoin (CRYPTO: BTC) is stuck near $111,000 as prediction markets see a slide toward $95,000 as possible, even while technical charts still flash room for a rebound toward $130,000.

South Carolina's state utility says private firm set to restart abandoned $9 billion nuclear project

COLUMBIA, S.C. (AP) — South Carolina's state-owned utility is looking to a private company to revive a project to build two nuclear power plants that was , losing more than $9 billion without generating a watt of power.

November 18: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on November 18. Investors who make the right moves before then could make up to 40X by 2032...

Ethereum Crashes To $4,100 As Senate Democrats Take Aim At DeFi

Ethereum (CRYPTO: ETH) is trading near $4,100 on Friday, after a sharp selloff that followed its rejection from $4,700 and renewed fears of U.S.

Supreme Court will consider whether people who regularly smoke pot can legally own guns

WASHINGTON (AP) — said on Monday that it will consider whether people who regularly smoke marijuana can legally own guns, the latest firearm case to come before the court since .

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after January 29, it may be too late.

Newspapers closing, news deserts growing for beleaguered news industry

Some 136 newspapers in the United States have closed in the past year, news deserts are expanding and web traffic to the nation's top newspapers has dropped markedly this decade, according to a report issued Monday that struggles to find hope for the beleaguered news industry.

Taiwan reports its first case of African swine fever

TAIPEI, Taiwan (AP) — Taiwan reported its first cases of African swine fever on Wednesday and authorities culled at least 195 pigs and ordered a ban on the movement and slaughter of pigs across the island.

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

A vocal critic of Georgia Power is under arrest for allegedly stealing trade secrets

ATLANTA (AP) — A vocal critic of Georgia Power Co. was arrested Tuesday on felony charges that allege she swiped the company's confidential information from a desk during a break in a regulatory hearing.

Trump Pushes Israel To Stop 'Bombing' Gaza As Hamas Agrees To Free Hostages: 'Right Now, It's Far Too Dangerous To Do That'

President Donald Trump welcomed Hamas's response to his proposed Gaza ceasefire plan on Friday, immediately calling on Israel to halt military operations in the enclave

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Federal government to withhold $40M from California for not enforcing trucker English requirements

Transportation Secretary Sean Duffy said Wednesday he will withhold $40 million from California because it is the only state that is failing to enforce English language requirements for truckers.

Ford Stock Is Racing Higher Tuesday: What's Driving The Action?

Ford shares are trading higher on Tuesday, moving in tandem with General Motors after the automaker raised its full-year earnings guidance.

This Coin Could Be Like Buying Bitcoin in 2017 - Ad

One of Bitcoin's biggest supporters on Wall Street is moving away from Bitcoin and into this special crypto. He even called this new coin, "the preferred choice for Wall Street."

Gene Munster Says Google Will Be 'Fine' As OpenAI Will Find It Hard To Gain Market Share With New Atlas Browser For This Reason

Gene Munster says OpenAI's ChatGPT Atlas is a promising step forward but not revolutionary, cautioning that Google Chrome's dominance remains secure despite the new AI-powered browser.

Vietnam’s love affair with gas bikes is colliding with a new electric reality

HANOI, Vietnam (AP) — Vietnam is split between two visions: the rumbling, reliable gas-powered motorbikes that now rule the roads, and sleek, silent electric bikes the government says are its future.

The 7 Red Flags Wall Street Won't Talk About - Ad

All 7 historic crash signals are flashing red. Once the public notices, it's too late. Our free Bellwether Signal explains how to protect wealth - and why gold and silver have been the refuge in every crisis. Don't let your retirement go over a cliff.

Why Is Beyond Meat Soaring After Hours?

Beyond Meat surged 22.65% to $4.44 in after-hours trading Tuesday, extending its meme-driven rally.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service