Telefonica Tariff Fears, Rio Tinto Up, Barry Callebaut Slumps
On this episode of Stock Movers:- European companies with significant exposure to Brazil are worried following U.S. President Donald Trump's announcement of a 50% tariff on Brazilian imports. Telefonica, Santander and Carrefour all generate more than 20% of their revenue in Brazil, according to data compiled by Bloomberg. - European miners are the best-performing sub-sector in the Stoxx 600 index as iron ore and base metals rally after President Donald Trump said the US would begin levying a 50% tariff on copper imports at the start of next month. The Stoxx 600 basic resources index rallied…
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