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Kristen Schwab

๐Ÿ‘ค Person
17 total appearances

Appearances Over Time

Podcast Appearances

Marketplace
Trump's tariff turnaround

Another day, another potential tariff change.

Marketplace
Trump's tariff turnaround

And Noah Namowitz, COO of Cafe Imports in Minneapolis, has a lot of tariffs to keep tabs on.

Marketplace
Trump's tariff turnaround

From Indonesia to Ethiopia to Peru, the company imports coffee from something like 30 different countries, including some on the exemption list.

Marketplace
Trump's tariff turnaround

He says any tariff relief helps, but it's likely not going to have a huge impact on prices.

Marketplace
Trump's tariff turnaround

The U.S.

Marketplace
Trump's tariff turnaround

imports about a third of its beans from Brazil, a country not on the exemption list.

Marketplace
Trump's tariff turnaround

The tax rate for imports from Brazil is 50 percent.

Marketplace
Trump's tariff turnaround

Meanwhile, coffee costs have been rising because of extreme weather.

Marketplace
Trump's tariff turnaround

Ricky Volpe, a professor of agribusiness at Cal Poly San Luis Obispo, says a tariff exemption is welcome news because it could help slow inflation.

Marketplace
Trump's tariff turnaround

There are so many other factors that influence the price of food, like cost of labor, transportation and warehousing.

Marketplace
Trump's tariff turnaround

Plus, there are other tariffs.

Marketplace
Trump's tariff turnaround

Farm equipment, processing machines, storage shelves, the list goes on.

Marketplace
Trump's tariff turnaround

Luis Rivera, an agriculture economist at Texas A&M University, says there's also the issue of policy perception, whether businesses think the exemptions will stick.

Marketplace
Trump's tariff turnaround

Uncertainty comes with costs for importers here, also for exporters abroad.

Marketplace
Trump's tariff turnaround

Namowitz, the coffee importer, says his growers are worried.

Marketplace
Trump's tariff turnaround

If growers of coffee or bananas or other imports shrink their crop or shut down, it could squeeze supply.

Marketplace
Trump's tariff turnaround

I'm Kristen Schwab for Marketplace.