LAS VEGAS, Nev. (FOX5) – Your morning cup of coffee or favorite restaurant meal might soon cost more.
This time, its not just inflation.
Las Vegas coffee roasters and restaurants say new tariffs on imported goods are already driving up the cost, with small businesses left to absorb the impact.
At Vesta Coffee Roasters, founder Jerad Howard said his team has already raised prices twice this year due to inflation. Now, with a new 10 percent tariff on all imported goods, including coffee beans from Colombia and Costa Rica, he says another increase is likely.
“Just over last year to now it’s been about a 45% increase,” said Howard. “Add on the tariffs that’s a 55% increase, just in basic coffee cost.”
President Donald Trump’s recently announced tariffs affect all imported goods, with some countries facing even higher rates. For roasters like Vesta, who rely on international suppliers, the pressure is mounting.
“We’re definitely nervous that it’s going to affect our business,” Howard said.
It’s not just coffee shops feeling the heat. The Nevada Restaurant Association explained prices have already gone up 30% since the start of the COVID-19 pandemic. With tariffs now in effect, they estimate an additional increase of at least 30% could be on the horizon.
“Restaurants aren’t going to be as full as it was before these tariffs and you might see some people have to close their doors,” said Peter Saba, government affairs manager for the Nevada Restaurant Association.
With coffee prices already brewing frustration across the country, Las Vegas shops say the real impact could start showing up at the register as early as this summer.
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