President Donald Trump's proposed 50% tariff on Brazilian imports is bad news for coffee drinkers.Brazil, the largest U.S. supplier of green coffee beans, accounts for about a third of the country's total supply, according to data from the U.S. Department of Agriculture.Coffee beans need to grow in a warm, tropical...
Day: July 11, 2025
Pentagon to become largest shareholder in rare earth miner MP Materials; shares surge 50%
The Defense Department will become the largest shareholder in rare earth miner MP Materials after agreeing to buy $400 million of its preferred stock, the company said Thursday.MP Materials owns the only operational rare earth mine in the U.S. at Mountain Pass, California, about 60 miles outside Las Vegas. Proceeds...
Trump announces 35% tariffs on Canada starting Aug. 1, warns of higher levies if Ottawa retaliates
U.S. President Donald Trump and Canada's Prime Minister Mark Carney talk during a family photo at the G7 Summit in Kananaskis, Alberta, Canada, June 16, 2025. Amber Bracken | ReutersU.S. President Donald Trump on Thursday announced a 35% tariff on Canadian imports, starting Aug. 1, citing that Ottawa had retaliated...