Starbucks(US:SBUX) Benzinga·2025-11-21 02:14Core Viewpoint - President Trump has eliminated tariffs on certain Brazilian exports to address rising grocery prices, indicating progress in trade negotiations with Brazil [1][2]. Group 1: Tariff Changes - Trump modified the previously imposed 40% tariffs on Brazil, which were established under Executive Order 14323, allowing certain agricultural imports to enter the U.S. tariff-free [2]. - Key Brazilian imports such as beef and coffee will no longer be subject to tariffs, providing relief for U.S. consumers [3]. Group 2: Economic Context - The Trump administration faced pressure due to soaring prices of essential commodities, with coffee prices reaching a 50-year high and retail coffee prices increasing by 21% year-over-year in August, the largest annual jump since 1997 [5]. - Beef prices have also surged this year, exacerbated by a prolonged drought in the western U.S. [5]. Group 3: Legislative Actions - Senate Republicans, alongside Democrats, passed legislation to overturn Trump's tariffs on Brazil, labeling them as "bogus emergency declarations" aimed at controlling rising prices [6]. Group 4: Market Reactions - Stocks related to Brazilian imports, particularly in coffee and cattle, showed mixed trading results after the executive order was announced [7]. - Specific stock movements included Starbucks Corp. increasing by 0.25% and Keurig Dr Pepper Inc. decreasing by 0.18% in after-hours trading [8].