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%.
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