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Tariff Relief In The Works To Cut Grocery Bills

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### Almost the Weekend! Here Is the Latest in Trending:

**Major Restructuring:**
Verizon (VZ) is set to undergo its largest round of layoffs next week. The company’s new CEO is aggressively cutting costs to reverse customer losses and improve performance.

**On the Hill:**
President Trump has proposed several changes to Obamacare. Separately, the newly signed federal funding package includes a ban on hemp THC products.

**Next Stop, Mars:**
Jeff Bezos’ Blue Origin (BORGN) successfully launched NASA’s landmark Mars mission using its New Glenn rocket, marking the first time the company recovered its booster for this mission.

### Easing Prices with Tariff Relief

The Trump administration plans to remove tariffs on select goods from four Latin American countries—Ecuador, Argentina, Guatemala, and El Salvador—that are not produced in the U.S. This move aims to lower food prices and reduce grocery bills for American consumers.

**Details of the Agreement:**
The White House announced agreements with these nations to deepen bilateral trade and investment. The four countries committed to addressing various non-tariff barriers affecting U.S. goods and businesses. Notably:

– Argentina will open its market to live cattle from the U.S.
– Argentina will also allow U.S. poultry market access within a year.

According to a senior U.S. official, bananas, coffee, beef, cocoa, and certain textile products imported from these countries will be exempt from tariffs, while other imports will maintain existing rates: 15% for Ecuador and 10% for Argentina, Guatemala, and El Salvador.

The deals are expected to be signed within approximately two weeks, with the White House expecting retailers and wholesalers to pass on savings to consumers.

**Bigger Picture:**
Paul Donovan, UBS’ chief economist, commented, “Heightened political concerns about U.S. consumers’ inflation perceptions seem to be leading a drive to reduce the tariffs U.S. importers pay on food products.”

Inflation impacts are significant: between January and September, banana prices rose approximately 8%, coffee increased by 15%, and U.S. beef prices reached record highs due to droughts, high feed costs, smaller herds, and strong demand.

### Seeking Alpha Analysis Highlights

– **5 Tech and Consumer Stocks at Risk of Steep Declines**
– **The Big Short’s Big Bet**
– **The Next AI Winner Isn’t Big Tech — It’s Energy**
– **Why Meta’s Post-Earnings Selloff Is an Early Gift (Rating Upgrade)**
– **BDC Battle: The 16% Yield Comeback, or 12% From The Rising Star**

### What Else Is Happening?

– Comcast and Netflix (NFLX) prepare bids for Warner Bros. (WBD).
– Bitcoin (BTC-USD) drops below $100K amid intensifying market selloff.
– Fed’s Kashkari did not support the last rate cut and remains undecided on December’s move.
– October jobs report will exclude the unemployment rate, says Hassett.
– Ackman to host livestream on Fannie Mae and Freddie Mac proposals.
– Robinhood (HOOD) and Gopuff partner for a new cash-delivery service.
– Anavex (AVXL) tumbles after Martin Shkreli announces it as his next short.
– Gilead (GILD) achieves late-stage trial success for a new one-pill HIV therapy.
– Tariffs, not the Grinch, may increase costs of Christmas trees.
– Yum! (YUM) puts Pizza Hut up for sale.

### Today’s Markets

**In Asia:**
– Japan: -1.8%
– Hong Kong: -1.9%
– China: -1.0%
– India: +0.1%

**In Europe (at midday):**
– London: -1.9%
– Paris: -1.5%
– Frankfurt: -1.6%

**Futures at 7:00 AM:**
– Dow: -0.6%
– S&P 500: -0.8%
– Nasdaq: -1.2%

**Commodities and Yields:**
– Crude oil: +2% to $59.86
– Gold: -1% to $4,153.10
– Bitcoin: -6.6% to $96,123
– 10-year Treasury Yield: Unchanged at 4.13%

### On The Calendar

Stay tuned for upcoming economic reports and events that could impact the markets.

Test your investing knowledge and stay informed with Seeking Alpha!
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