
Trump Moves to Impose 17% Tariff on Most Mexican Tomato Imports
The announced tariff is slightly below a nearly 21% levy that the administration indicated it intended to impose in April, but could still have a substantial impact on food prices. The move comes just days after President Donald Trump announced his intention to impose a 30% tariff, starting Aug. 1, on many Mexican products that don't fall under the North American trade agreement he negotiated in his first term.
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3 minutes ago
- Yahoo
Brazil's Lula calls Trump's tariff threat 'unacceptable blackmail'
Brazilian President Luiz Inacio Lula da Silva on Thursday slammed Donald Trump's threat to impose 50 percent tariffs on Latin America's largest economy as "unacceptable blackmail." Lula's comments during a nationally televised speech were the latest in series of tense exchanges between the leaders, with the US president launching especially blistering attacks on the government in Brasilia. Trump announced on July 9 his intention to slap steep tariffs on Brazil as punishment for what he termed a "witch hunt" against his far-right ally, former president Jair Bolsonaro. The United States has also said it is investigating Brazil's "unfair trading practices," and Brasilia said it was committed to negotiations. The tariffs on all products from Brazil would kick in on August 1 if Brasilia and Washington do not reach an agreement. In his speech, leftist leader Lula slammed Brazilian politicians who back Trump's policies as "traitors to the homeland." He said he would continue "betting on good commercial and diplomatic relations" but warned: "Brazil has only one owner: the Brazilian people." Bolsonaro is facing trial over accusations he plotted a coup after his narrow 2022 election loss to Lula. If found guilty, he could face up to 40 years in prison. Earlier on Thursday, Trump posted a letter addressed to Bolsonaro on his Truth Social platform in which he insisted Lula's government "changes course" and "stop attacking" his political ally. "I have seen the terrible treatment you are receiving at the hands of an unjust system turned against you," Trump wrote to Bolsonaro. "I have strongly voiced my disapproval both publicly and through our Tariff policy," he added. Trump also said he was "concerned about the attacks on free speech" in Brazil and in the United States. He appeared to be alluding to the suspension in Brazil of Rumble, a video-sharing platform popular among conservative groups, over its refusal to block a user accused of spreading disinformation. - 'Interference' - Trump's intervention in the Bolsonaro case has improved Lula's popularity, who has appealed for national unity in the face of US "interference." Unlike the tariffs Trump is slapping on economies around the world, including top US allies, the measures against Brazil were announced in openly political terms. Brazil had not been among dozens of trade partners previously threatened with duties above a 10 percent baseline. The United States runs a goods trade surplus with Brazil, which said it had repeatedly requested that Washington point out areas of particular concern. Brazil expressed "indignation" at the stiff proposed tariff in a letter addressed to US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer. ffb/mel/aks/sst


New York Post
4 minutes ago
- New York Post
Democratic lawmaker calls out party for being ‘scared' to offend immigration groups
Sen. Elissa Slotkin, D-Mich., called out the Democratic Party in an interview on Thursday for being 'scared' to offend immigration groups as they navigate the issue. 'The Republicans are fomenting anti-immigrant hate as a policy and a strategy, and Democrats are so scared of offending either immigration groups or people to the left of them — maybe they're in a primary, they are concerned about saying: 'No, not everyone gets to be here. Not everyone has the right to live in the United States, and we, like every other country in the world, get to know who and what is coming across our borders,'' Slotkin told The New York Times in an interview. Slotkin argued that most Americans agree that immigrants are integral to the American economy, but they want immigrants to come here legally and through 'vetted channels.' 'That kind of clamping down with rules tends to make a lot of my Democratic colleagues really nervous,' she added. 'There's been a lot of ink spilled about advocacy groups that don't seem to represent a lot of voters. We saw that in real time in this last election, when no one had a bigger swing toward Trump than Latinos. Some of these groups were trotting around Washington saying they represent the immigrant community, and they clearly did not,' Slotkin said. 3 Sen. Elissa Slotkin took a shot at the Democratic Party for being 'scared' to call out immigration groups when it comes to the U.S. border crisis. AP Slotkin also said she thought Democrats had lost their 'alpha-energy.' The Michigan senator said 'alpha-energy' was about emotion. 'We respond to people's pain with a long list of wonky policies,' Slotkin continued. 3 In an interview with The New York Times, Slotkin said, 'The Republicans are fomenting anti-immigrant hate as a policy and a strategy, and Democrats are so scared of offending either immigration groups or people to the left of them.' diy13 – 'Alpha energy is synonymous with being bold. Call the tough play, take a risk, be bold. And don't be so damn scared of your own shadow.' Slotkin delivered the official response to President Donald Trump's address to a joint session of Congress in March. She criticized Trump's foreign policy and called for 'responsible' ways to make changes to the government. 3 Slotkin's take is that the majority of U.S. citizens believe immigrants are vital to the economy, though they do not want them to come to this country illegally. AP 'We all want an end to the war in Ukraine, but Reagan understood that true strength required America to combine our military and economic might with moral clarity,' Slotkin said after Trump's address. 'As a Cold War kid, I'm thankful it was Reagan and not Trump in office in the 1980s. Trump would have lost us the Cold War.'


Geek Wire
4 minutes ago
- Geek Wire
‘Invest now': Climate tech advocates push for creative funding as markets decline
Sustainability: News about the rapidly growing climate tech sector and other areas of innovation to protect our planet. SEE MORE Panel at the PNW Climate Week event titled 'Climate Capital Gap' from the left: moderator and GeekWire reporter Lisa Stiffler; Gabriel Scheer, senior director of innovation for Elemental Impact; Bina Shukla, E8 board member; and Eli Lieberman, executive director of the Washington State Green Bank. (E8 Photo) With climate tech investments declining and reduced federal funding from the Trump administration, champions of the sector are calling for creative strategies and widespread participation to bolster financial resources. 'When the markets are down, you buy. So if you have funds, this is the time to join in,' said Bina Shukla, a board member with the Seattle-area, climate investment group E8. 'Invest, invest, invest now.' Climate tech has historically been a challenging sector for attracting funding. It often moves more slowly and involves capital-intensive hardware prototyping compared to software. Clean energy projects may require permitting and regulatory oversight. Scaling takes time and investors need to be patient for their returns. Investments in the sector dropped 19% worldwide from the first half of this year compared to the same period in 2024 — though U.S. investments alone rose by about the same percentage during that time. Investments in early-stage companies declined the most, according to Sightline Climate. Shukla spoke Thursday on a panel that was part of the annual PNW Climate Week, a 10-day regional conference focused on the clean-energy transition with events held in Seattle, Tacoma, Bellevue, Portland, Vancouver, B.C., and Bellingham. She was joined by Gabriel Scheer, senior director of innovation for the investment nonprofit Elemental Impact, and Eli Lieberman, executive director of the recently launched Washington State Green Bank. I moderated the discussion. Here were their thoughts on innovative funding models: Recycling philanthropic dollars: A strategy being employed by the angel investment nonprofit E8 is to offer alternative ways of supporting climate startups, including its philanthropic impact fund, Decarbon8-US. Contributions are tax-deductible and any returns generated by investments are recycled back into the fund to support other startups. 'There are a lot of ways to support the community,' Shukla said. 'For $25 you can be part of that fund.' Spreading risks: Elemental created a program called D-SAFE (Development Simple Agreement for Future Equity), which allows the organization to spread investment risk across multiple capital projects within a single company. If a project succeeds, the company can repay Elemental with interest, allowing the funds to be reinvested elsewhere. If a project fails, the investment converts into an equity stake in the parent company, derisking early-stage, first-of-a-kind (or maybe even 10th-of-a-kind) deployments. 'It's been great,' Scheer said. 'We've had a number of companies who have used that now, and it's been a really good innovation.' Green banks: Lieberman is running Washington's first green bank, which uses public and private capital to fund clean energy and sustainability projects. The institution is structured to take higher risks and produce lower profits to get climate friendly technologies on the ground and in communities. 'Green banks traditionally exist more on the 'market pull' side, so later in the commercialization stage and in project finance,' Lieberman said. 'They'll look at their given geographic region that they operate in, and try to analyze what are the market gaps in project finance, and then what are the tools that the green bank could use to try to steer in private sector investment.' All three agreed that despite lower levels of investing globally and a retraction of federal support, there was plenty that companies, investors, elected officials, philanthropists and others could do to continue stoking the movement to expand clean energy innovation and deployment. 'This is our opportunity,' Scheer said. 'This is the time when left-leaning states, left-leaning cities, places with money — all of that is here — could do a whole bunch of really cool stuff.'