Brazil, Trump and Tariff
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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.
Jim Cramer says some stocks are currently going for a discount. Four of those he likes include Starbucks, McDonald's, Costco, and Home Depot.
Brazil, which supplies eight million bags of coffee to the United States, has been hit with 50 percent tariffs which may make a major dent in your wallet.
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%.
Starbucks was accused of trafficking and forced labor practices in its coffee supply chain in a 100-page class-action lawsuit filed in the U.S. District Court for the District of Columbia. The ...