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Wall Street Breakfast

Brewing U.S. relief with Brazil beans

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 21 November 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Trump drops 40% tariffs on Brazilian beef, coffee amid rising food prices. (00:22) Joby Aviation (JOBY) accuses rival Archer Aviation (ACHR) of corporate espionage. (01:26) PepsiCo (PEP) preps for its prebiotic drink launch. (02:16)

Episode transcripts seekingalpha.com/wsb.

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

0:07.6

We've made it to Friday the 21st of November. I'm Julie Morgan.

0:12.9

Breakfast and dinner could soon be cheaper. Joby Aviation is suing Archer, and Pepsi is launching a new healthy drink.

0:22.6

President Trump has signed an order rolling back the 40% tariffs on several Brazilian

0:27.5

agricultural products, things like coffee, beef, fruit, and cocoa in an effort to bring down

0:34.0

food prices at home.

0:35.8

He said the move follows progress and talks with Brazil, along with recommendations

0:40.1

for multiple advisors.

0:42.3

The change applies to imports arriving on or after November 13th and could even lead to

0:47.8

refunds for duties that have already been paid.

0:50.9

It's the latest step in the administration's effort to ease grocery costs by cutting tariffs

0:56.1

on key food items. Brazil had been hit with 50% tariffs well above the standard 10% across the

1:03.4

board duty as a way to pressure the country over its prosecution of its former president, a Trump ally.

1:10.0

This is significant given Brazil's role in the global food supply.

1:14.1

It's the world's top coffee exporter and supplies about a third of America's coffee beans.

1:19.4

And the leading exporter of beef, which plays a major role in the U.S. burger supply chain.

1:26.0

Joby Aviation is suing rival Archer Aviation accusing a former employee of taking

1:31.5

confidential information to disrupt Joby's exclusive client partnerships. According to the lawsuit,

1:37.8

Jobi's former U.S. state and local policy head had access to sensitive strategic and technical

1:43.9

information. Joby says he copied

1:46.3

highly valuable files just two days before resigning. Less than three weeks later, a strategic

1:52.2

partner told Joby that Archer approached them using detailed knowledge of their agreement.

...

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