Coffee Holding Co., Inc. shares rise 2.68% after-hours as US tariffs on Brazilian coffee expected to have limited impact.

Coffee Holding Co., Inc. rose 2.68% in after-hours trading. The increase in stock price can be attributed to the news that Brazil, a major coffee exporter, will face a 50% tariff on its exports to the U.S. starting August 6. This tariff is expected to impact only 35.9% of Brazil's sales to the U.S., with nearly 700 exceptions included in the tariff increase announcement. The limited impact of the tariff on Brazil's GDP and the potential for Brazil to seek a tariff cut on coffee exports may have contributed to the positive sentiment surrounding Coffee Holding Co., Inc.