Burger King’s President Tom Curtis breaks down Trump’s emergency order dumping 300,000 metric tons of tariff-free foreign beef into the US market over the next 90 days. While domestic cattle ranchers are furious about losing their pricing power, Burger King and other massive fast-food chains are treating this like pure margin relief. High meat costs have been absolutely crushing Restaurant Brands International ($QSR), McDonald’s ($MCD), and Wendy’s ($WEN), actively dragging down their corporate restructuring and store renovation plans all year. A 90-day tariff freeze should instantly lower the cost of goods sold, but is it actually a catalyst to buy the dip, or is the window too short to matter for next quarter’s earnings?
h/t unconventionalbook