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BTCC / BTCC Square / Global Cryptocurrency /
Starbucks Gains Relief as U.S. Lifts Tariff on Brazilian Coffee Beans

Starbucks Gains Relief as U.S. Lifts Tariff on Brazilian Coffee Beans

Author:
Global Cryptocurrency
Published:
2025-11-21 22:21:01
13
2
BTCCSquare news:

Starbucks (SBUX) and other U.S. coffee retailers caught a break as President Donald TRUMP removed a 40% tariff on Brazilian coffee bean imports. The move comes amid rising consumer prices, with retail coffee costs surging 40% year-over-year in September. Brazil, the world's largest coffee producer, supplies a third of America's beans.

Arabica futures dropped 5% to $3.59 per pound following the announcement, hitting a two-month low. Robusta beans, commonly used in instant coffee, saw similar declines. The tariff elimination marks a potential turning point for Starbucks as it implements its 'Back to Starbucks' revitalization strategy amid inflationary pressures.

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