“Until We Hear Brazil Get Mentioned, I Wouldn’t Get Excited”

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That’s Jason Miller, supply chain expert at MSU, noting 40% tariff to remain on Brazilian coffee (and other) exports to the United States, according to ABCNews.
Figure 1: Import price of green bean coffee, n.s.a. (blue), PPI for coffee, n.s.a. (green), price for ground coffee (tan), all in logs, 2025M04=0. Source: BLS via FRED, and author’s calculations.
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Coffee, As Of September 2025
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