Trump Reduces Tariffs on Brazil as Coffee and Beef Prices Surge, Points to 'Ongoing' Talks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 21 2025
0mins
Source: Benzinga
Tariff Elimination: President Trump has eliminated tariffs on certain Brazilian exports, including beef and coffee, to address rising grocery prices amid ongoing trade negotiations with Brazil.
Previous Tariff Context: The tariffs, initially set at 50%, were imposed in July due to political tensions, but Trump's recent executive order reflects progress in negotiations with Brazilian President Lula da Silva.
Impact on Prices: The rollback of tariffs comes as coffee prices have reached a 50-year high and beef prices have surged, prompting bipartisan pressure on the administration to alleviate the financial burden on consumers.
Market Reactions: Following the announcement, stocks related to Brazilian imports showed mixed performance in after-hours trading, indicating market sensitivity to changes in tariff policies.
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Analyst Views on SJM
Wall Street analysts forecast SJM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SJM is 117.10 USD with a low forecast of 105.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
6 Buy
6 Hold
0 Sell
Moderate Buy
Current: 103.360
Low
105.00
Averages
117.10
High
130.00
Current: 103.360
Low
105.00
Averages
117.10
High
130.00
About SJM
The J. M. Smucker Company is engaged in the manufacturing and marketing of branded food and beverage products on a worldwide basis. The Company’s branded food and beverage products include a portfolio of brands that are sold to consumers primarily through retail outlets in North America. The Company operates through four segments: U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, and U.S. Retail Pet Foods, and Sweet Baked Snacks. The U.S. Retail Coffee segment primarily includes the domestic sales of Folgers, Dunkin’, and Cafe Bustelo branded coffee. The U.S. Retail Frozen Handheld and Spreads segment primarily includes the domestic sales of Uncrustables, Jif, and Smucker’s branded products. The U.S. Retail Pet Foods segment primarily includes the domestic sales of Meow Mix, Milk-Bone, Pup-Peroni, and Canine Carry Outs branded products. The Sweet Baked Snacks segment primarily includes all domestic and foreign sales of Hostess branded products across all channels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
J.M. Smucker Co. Announces Q3 2026 Earnings Release and CAGNY Conference Details
- Earnings Release Schedule: J.M. Smucker Co. plans to release its Q3 fiscal 2026 financial results on February 26, 2026, providing financial statements and segment information that are expected to significantly impact investor sentiment.
- Management Presentation: The company will present at the CAGNY Conference on February 18, 2026, with CEO Mark Smucker and CFO Tucker Marshall participating in a Q&A session, enhancing engagement with investors.
- Live Webcast: On the earnings release day, J.M. Smucker will host a live Q&A session at 9:00 a.m., allowing investors to gain real-time insights from management, thereby increasing transparency and trust.
- Brand Diversity: J.M. Smucker Co. leads in categories such as coffee, peanut butter, and pet food, showcasing its strong brand influence in the North American market and further solidifying its market position.
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J.M. Smucker Co. Announces Q3 2026 Earnings Release Schedule
- Conference Schedule: J.M. Smucker Co. will hold a presentation at the 2026 CAGNY Conference on February 18 at 2:00 p.m. EST, inviting investor engagement.
- Earnings Release: The company plans to release its Q3 fiscal 2026 financial results on February 26, 2026, providing financial statements and segment information to enhance transparency.
- Live Webcast: On the earnings release date, J.M. Smucker will host a live Q&A session at 9:00 a.m. EST, featuring CEO Mark Smucker and CFO Tucker Marshall, fostering investor interaction.
- Brand Diversity: J.M. Smucker Co. boasts a diverse brand portfolio in North America, including Folgers, Jif, and Meow Mix, committed to delivering quality food that consumers trust, driving sustainable business growth.
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