MAGIC BEANS –
April 3, 2025 – About 80% of the coffee beans imported into the U.S. come from Latin America, and most coffee imports come from Brazil (35%) and Colombia (27%) as of 2023, according to the Department of Agriculture, as both countries face tariff rates of 10%. The U.S. accounts for roughly 30.4% of India’s annual gems and jewelry exports, industry officials told Reuters, as India handles nine out of every 10 diamonds processed globally. Sugar is largely imported into the U.S. from the Dominican Republic (17%), Brazil (14%) and the Philippines (13%), per the USDA’s estimates. The Dominican Republic and Brazil face 10% tariffs, while a 17% rate was levied on the Philippines.
