NEW MEXICO (KRQE) – New Mexico coffee and tea houses are starting to feel the pinch from new tariffs pushing higher prices on their supply. “So it used to be just it was just a normal, like five to ten percent per year, and now we’re seeing sometimes double in prices of things where you have imported,” said Janelle Boyle, Owner of Corrales Teas and Chocolates.
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This is just one of the many businesses feeling the effects of new tariffs in real time, “We have charges up to 300 percent on some things coming out of China and it changes day-today what the prices are so you constantly have to be on the computer to see what the prices are and you hurry up and try to get in an order before the prices go up or down,” continued Boyle.
Boyle said the inconsistent market now has the tea house raising prices and shifting daily operations to reservations only. “We can anticipate who’s coming in what food we’re making, and that has helped tremendously on our food orders, and we have less wastage when we are having different things that we import,” shared Boyle.
Over in downtown Albuquerque, another business, Burning Daylight Brewing Company, said it’s avoiding price hikes by absorbing the new costs from tariffs. “We all know because of the uncertainty in the market, people are less likely to spend on the luxury items, such as coffee or food, in our case as well. And so we’re building that trust by staying consistent with prices,” shared Charles Baca, Co-Owner of Burning Daylight Brewing Company.
Baca said they’ve been able to find savings by changing other supplies, including cheaper cups and packaging. “So, right now, we haven’t felt the necessity to put that cost out to the consumer. And we don’t see us having to do so for the foreseeable future. But yeah, we’ll continue to battle it and try to gauge where we’re going as far those tariffs increase or decrease,” emphasized Baca.
The coffee supply market has also faced pressure this year because of weather-related impacts. Coffee from Brazil, which is the United States’ largest source, is expected to be subject to a 50% tariff slated to begin Wednesday.
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