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A Government Hint Just Sent Starbucks Stock Soaring - Starbucks (NASDAQ:SBUX)
Removing tariffs on coffee could stabilize prices and ease supply-chain pressures as Brazil supplies about one-third of U.S. imports, officials and industry leaders say.
- President Donald Trump signaled in a Fox interview that the United States will lower some tariffs on coffee, with the White House cracking open the door to cheaper imports.
- When Washington imposed a 50% surcharge on many Brazilian goods, roasters began trimming inventories and testing alternatives while Brasília sought carve-outs for coffee, meats, fish and fruits.
- The U.S. consumes roughly 25 million 60-kg bags of coffee a year, and before this year’s tariff shock about 7.5 to 8 million bags came from Brazilian farms producing 40 to 45 million bags in good seasons.
- President Luiz Inácio Lula da Silva met Trump in Kuala Lumpur on October 26, opening technical talks, while Treasury Secretary Scott Bessent said the administration will soon announce duty cuts focused on coffee, bananas, and fruits, telling `Fox and Friends`.
- Starbucks Corporation shares and coffee-linked stock names rose Wednesday as commerce officials floated removing tariffs on goods the U.S. does not produce, offering faster price relief for Main Street cafés and American consumers.
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Trump Signals Coffee Tariff Relief, Putting Brazil Back In The Driver’s Seat
The White House has cracked open the door to cheaper coffee. In a Fox interview, President Donald Trump said the United States will “lower some tariffs on coffee,” a small sentence with outsized implications for global supply chains and American consumers. No timeline was given, but Brazil—by far the largest exporter of arabica beans—would be […]
·Brazil
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Trump promises to reduce import tariffs on coffee; Brazil, the main supplier to the US, awaits details of the measure. The post Trump promises to reduce import tariffs on coffee appeared first on Monitor Mercantil.
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EBC
EBCWithout citing Brazil, the president of the United States said everything would happen easily and quickly
·São Paulo, Brazil
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Total News Sources13
Leaning Left1Leaning Right2Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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