Coffee futures prices do not include tariffs. They reflect the base market price of coffee for delivery at a future date, typically free on board (FOB) at a spe

Coffee futures prices do not include tariffs. They reflect the base market price of coffee for delivery at a future date, typically free on board (FOB) at a specified origin port (e.g., Brazil or Colombia). Tariffs, import duties, and local taxes are added later by the importer based on destination country policies. Prices including tariffs might well go up but that's not what the article is about. Since prices for consumers go up due to tariffs, demand goes down, hence prices ex-tariff go down. Standard stuff with tariffs, they make things cheaper on the outside.