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Why The Coffee ETN’s Rebound Could Be Stunted

From: etftrends.com

In the talk about assets affected by various U.S. trade tariffs, coffee and the iPath Series B Bloomberg Coffee Subindex Total Return ETN (NYSEArca: JO) are often overlooked, but JO is lower by 6.09% year-to-date and trade tariffs are one reason why the coffee ETN is slumping.

“The crisis facing Guatemala’s coffee growers, suffering from rock-bottom commodity prices and depressed incomes, could turn into a nightmare as Donald Trump threatens tariffs against the country,” reports Bloomberg.

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