Trump's Tariff Policy Hurts Tea Market
Trade policies under Trump ended over 150 years of low tea duties.
Average tea tariffs rose to over 12%, with $19.6M in import costs and $6M monthly collections.
Hu-Kwa tea prices increased from $26 to $46 per pound.
Retailers face narrowed selection, some teas missing, and delayed hiring/ads to save cash.
Next year's supply is already tariffed, and suspended duties' impact will linger.
1 month ago