Vita Coco climbs as tariff on its products to fall steeply
** Shares of beverage maker Vita Coco COCO.O up about 4% at $45.52 premarket ** Co expects tariff rate on its products to fall to about 6% from 23% earlier based on current sourcing & product mix ** The White House exempts coconut water products from tariffs under updated Executive Order 14257 ** However, does not expect the tariff relief to impact 2025 results ** Up to last close, shares up about 19% YTD (Reporting by Anshi Sancheti in Bengaluru) ((Anshi.Sancheti@thomsonreuters.com))
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