New York CNN —
Coffee prices hit a new high Monday, the day after President Donald Trump threatened – and then reversed course on – a 25% tariff on Colombia during a spat about deportation flights from the US. And the price is still rising.
Even though the tariff never went into effect, the mere threat sent nerves racing throughout the coffee market.
Colombia is the third largest coffee-producing country in the world, behind Brazil and Vietnam.
Futures contracts for Arabica coffee produced in Latin America and traded on the Intercontinental Exchange jumped
→ Continue reading at CNN - Business News
