Trump Exempts Scores of Plants From Biden's Pollution Rules
The plants, which also include taconite iron ore processing operations and chemical manufacturing facilities that play a role in the production of semiconductors, were granted two-year waivers from Environmental Protection Agency rules via proclamations signed by Trump and released on Thursday evening. The rules were under the previous Biden administration.
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Alabama farmer sees new interest within days of Trump's tomato tariff — and says former trade deal ‘never worked' for US
With President Trump's latest tariff announcement, the price of tomatoes could soon be going up in the U.S. On July 14, the Trump Administration announced a 17% tariff on tomatoes imported from Mexico, ending a decades-long trade deal that kept the price of importing tomatoes down in the U.S. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it 'Mexico remains one of our greatest allies, but for far too long our farmers have been crushed by unfair trade practices that undercut pricing on produce like tomatoes,' said U.S. Secretary of Commerce Howard Lutnick in the press release. 'That ends today.' And while some Americans may not be in support of additional tariffs levied against America's international trade partners, several U.S. farmers stand in strong support of Trump's latest trade move. 'Been two days now and we've actually had a lot more calls' For decades, U.S. and Mexican tomato operations worked under a trade agreement that allowed for relatively easy importation of Mexican tomatoes into U.S. markets. The deal was meant to protect American tomato farmers, but many believe the old trade agreement didn't do enough. 'There's been loopholes that the Mexican tomato producers have taken advantage of and continue to price dump, or lower the prices below the cost of production here in the United States and in Alabama," Blake Thaxton, executive director of the Alabama Fruit and Vegetable Growers Association, told WVTM 13 News. Chad Smith of Smith Tomato Farms in St. Clair County, Alabama echoed Thaxton's concerns with the old trade deal with Mexico. 'If they send the tomatoes over and it's supposed to be a set price and they need to move tomatoes, well, they may just give a load of bell peppers for free for them to take the tomatoes. So, it's never really worked,' said Smith. American tomato farmers had long felt as if they were hard-pressed to compete with the imports from Mexico, but several of them now see better times ahead with Trump's latest tariff news. 'It's only been two days now and we've actually had a lot more calls from people who have an interest in doing business," said Smith. 'And the price hasn't even changed.' As for Thaxton, he believes the potential of a sustainable future for U.S. tomato farmers is important. 'Food security is national security, and we need to be able to produce our own food here in the United States,' said Thaxton. Read more: Nervous about the stock market in 2025? Find out how you can How the new tariff may affect your wallet While some American farmers are hopeful that the tomato tariff will impact their bottom line in a positive way, there's a concern that the changing policy will lead to higher prices at the grocery store. After all, the costs of producing tomatoes are higher in the U.S., thanks in part to American farms paying their workers up to 10 times more per hour than farm workers in Mexico. Thaxton believes the rising tomato costs won't be too dramatic, but other experts appear to be more concerned. In fact, some predict the new tomato tariff could push prices up by 10%. Since American farms face significantly higher production costs than Mexican growers — this includes wages, land, regulation, insurance, property taxes and equipment — these costs may be passed along to American consumers at the grocery store. At this moment, it's tough to predict the exact outcome that the tariff will have on the U.S. tomato market. While it looks like the tariff could help American farmers, it's unclear whether or not it will help American wallets. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
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Oppenheimer Trims Amazon (AMZN) Price Target to $245 — AI Growth Still a Bright Spot
Inc. (NASDAQ:AMZN) is one of the On August 1, Oppenheimer analyst Jason Helfstein lowered the price target on the stock to $245.00 (from $250.00) while maintaining an 'Outperform' rating. The rating affirmation comes amid frustrated investors over a lack of positive second half 2025 AWS commentary. This is because capacity issues are anticipated to persist until at least year-end. Nevertheless, CEO Jassy has reiterated that artificial intelligence is the 'the biggest technology transformation for a lifetime.' This is already evident considering AWS AI revenue is continuing to grow triple-digits year-over-year and its usage is still early within AWS. The firm doesn't see any consumer weakness despite tariff impacts remaining. Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions. While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Must-Watch AI Stocks on Wall Street and Disclosure: None. Sign in to access your portfolio
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24 minutes ago
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FDA recalls more than 64,000 pounds of butter over undeclared milk
More than 64,000 pounds of butter have been recalled due to potential undeclared milk allergens, according to the U.S. Food and Drug Administration. Food ingredient company Bunge North America recalled 1,800 cases of its NH European Style Butter Blend that were distributed at 12 centers located across the United States and one in Dominican Republic, a July 14 FDA alert reported. The FDA classified the recall under its second-highest risk warning on July 31 warning that consumption could pose temporary or medically reversible adverse health consequences. USA TODAY has reached out to Bunge North America for comment. Based in Chesterfield, Missouri, Bunge North America is an agribusiness that produces and markets multiple food ingredients including corn, wheat, rice, soybeans and feed peas. Which butter products are recalled? The FDA has issued a recall for 64,800 pounds of Bunge North America's NH European Style Butter Blend with: UPC code: 1 00 78684 73961 2 Lot code: 5064036503 The product was packaged in white paperboard cases each containing 36 blocks. This article originally appeared on USA TODAY: FDA recalls more than 64,000 pounds of butter over undeclared milk
