Starbucks (NASDAQ:SBUX) broke higher in Monday trading after the U.S. and China agreed to lower tariffs. Investors may be ...

Starbucks CEO Brian Niccol faces new challenges as Chinese coffee chains like Luckin and Chagee expand into the US market.

Meanwhile, Niccol said Starbucks remains committed to growing its China business over the long term. Overall revenue rose 2% to $8.72 billion as it continues to increase its store base.