Brazil, Trump and Tariff
Digest more
7hon MSN
Andrew Charles, TD Cowen analyst, joins CNBC's 'Squawk on the Street' to discuss what potential tariffs on Brazil could mean for Starbucks, whether coffee price increases matter to consumers, and more.
U.S. President Donald Trump said he plans to impose 50% tariffs on all products from Brazil starting August 1, which could have a sharp impact on South America's agricultural powerhouse.
US stocks fell on Friday after President Trump threatened Canada with a 35% tariff on its imports to the US and floated higher blanket levies. Late Thursday, Trump on Truth Social posted a letter to Canadian Prime Minister Mark Carney,
U.S. stocks rise as investor appetite for AI rekindles. On Wednesday, all three major U.S. benchmarks were up. The Nasdaq Composite advanced 0.94% to close at a new high of 20,611.34. The Stoxx Europe 600 climbed 0.78%.
Brazil's government expects the 50% tariff U.S. President Donald Trump announced earlier this week on all goods from the South American country to have little impact on its economic growth this year,