Donald Trump is planning to take action against Brazilian ethanol imports, Fox News has reported. Fox has learned that Trump intends to impose “reciprocal” tariffs on Brazilian production, the news service stated ahead of the president holding his press conference from the Oval Office to announce his signing of a memorandum ordering his advisers to calculate new tariff levels for other countries globally. In afternoon trading, shares of REX American (REX) are up 3%, while those of Green Plains (GPRE) are up 9%.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GPRE:
- Green Plains price target lowered to $10 from $17 at BofA
- Optimistic Buy Rating for Green Plains Despite Risks: Carbon Capture Progress and Cost-Cutting Drive Positive Outlook
- Green Plains price target lowered to $12 from $18 at Truist
- Green Plains price target lowered to $8 from $13 at BMO Capital
- Strategic Growth and Profitability: Laurence Alexander’s Buy Rating for Green Plains