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Month: July 2025

Trump’s 50% tariff on Brazilian goods like coffee and orange juice could drive up US breakfast costs

Trump’s 50% tariff on Brazilian goods like coffee and orange juice could drive up US breakfast costs

By GABRIELA SÁ PESSOA and MAURICIO SAVARESE

SAO PAULO (AP) — President Donald Trump’s threat to boost import taxes by 50% on Brazilian goods could drive up the cost of breakfast in the United States. The prices of coffee and orange juice — two staples of the American morning diet — could be severely impacted if there’s no agreement by Aug. 1.

Brazilian beef and regional airliners are also among the products that could be affected by Trump’s decision announced Wednesday, which Brazil’s President Luiz Inácio Lula da Silva promised on Thursday to reciprocate.

Trump’s move this time is overtly political, targeting the Brazilian Supreme Court trial of former president Jair Bolsonaro, an ally of his who was charged for his alleged role in trying to overturn his 2022 election loss. The court’s prosecution of U.S.-based social media companies failing to comply with local laws was also mentioned by Trump in a public letter as a reason to hike Brazil’s trade tariffs.

The U.S. Census Bureau said the country had a $6.8 billion trade surplus with Brazil last year. read more

Walmart recalls 850,000 water bottles after two consumers suffer vision loss from ejecting lids

Walmart recalls 850,000 water bottles after two consumers suffer vision loss from ejecting lids

NEW YORK (AP) — Walmart is recalling about 850,000 stainless steel water bottles because the lid can “forcefully eject” and unexpectedly strike consumers — resulting in permanent vision loss for two people to date.

The recall covers Walmart’s “Ozark Trail 64 oz Stainless Steel Insulated Water Bottles,” which have been sold at the chain’s stores across the country since 2017. According to a notice published by the U.S. Consumer Product Safety Commission on Thursday, these products pose “serious impact and laceration hazards.”

That’s because when a consumer attempts to open the bottles “after food, carbonated beverages or perishable beverages, such as juice or milk, are stored inside over time,” the lid can eject forcefully, the CPSC notes.

As of Thursday’s announcement, Walmart had received three reports of consumers who were injured after being struck in the face by these lids when opening their bottles. And two of those people “suffered permanent vision loss after being struck in the eye,” the CPSC added. read more

Haven’t made a will yet? Startup has new AI tool to help

Haven’t made a will yet? Startup has new AI tool to help

In 2017, Cody Barbo told a room of investors that he was getting married in a month. His friend asked him this question: “Hey man, you’re getting married. Do you have a will?” Barbo froze, threw out a mild swear word and answered, “I should probably have one.”

Barbo is the CEO of Trust & Will, a San Diego company that simplifies the creation of estate planning documents by drafting documents with its lawyer-vetted software.

Eight years later, Barbo is married and his family has grown.

So has his company. Trust & Will, based in San Diego’s Bankers Hill, has helped more than 1 million families make estate plans, Barbo said in an interview from his Dallas home office.

“Normally you pay thousands of dollars up front to do this with an attorney, or hundreds to thousands of dollars for those updates, for that ongoing guidance,” he said. “This is the democratization of estate planning.”

It has raised more than $80 million from venture capital and corporate investors including Moderne Ventures, American Express, AARP and Northwestern Mutual. Last year, the company became “cash-flow positive,” startup speak for hitting profitability, and then secured a Series C round of capital this year. It employs around 110 people, up from around 80 in 2023. read more

Royal Caribbean takes delivery of world’s largest cruise ship

Royal Caribbean takes delivery of world’s largest cruise ship

The world’s largest cruise ship is one step closer to making its Port Canaveral debut in just over a month. Royal Caribbean officially has the keys to its new Star of the Seas, the company’s second Icon-class ship.

The handoff took place at the Meyer Turku shipyard in Turku, Finland, just a few weeks ahead of its August debut. The milestone follows more than two years of construction on the 248,663-gross-ton vessel, which can accommodate 5,610 passengers at double occupancy and more than 7,000 passengers at full capacity, plus 2,350 crew.

Royal Caribbean welcomed the ultimate family vacation, Star of the Seas, to the family in a celebration at the Meyer Turku shipyard in Turku, Finland. Alongside more than 1250 crew members and partners, Royal Caribbean Group President and CEO Jason Liberty, Royal Caribbean President and CEO Michael Bayley and Meyer Turku CEO Casimir Lindholm marked the moment just a few weeks ahead of Stars's Aug. Debut in Port Canaveral. (sbw-photo/Courtesy of Royal Caribbean)
Royal Caribbean welcomed the ultimate family vacation, Star of the Seas, to the family in a celebration at the Meyer Turku shipyard in Turku, Finland. (Courtesy Royal Caribbean)

More than 1,250 crew members and partners gathered in the ship’s AquaTheater during a ceremony in Finland marking the official handoff of the ship to Royal Caribbean.

“The delivery of Star of the Seas marks another bold step forward in Royal Caribbean Group’s journey to reimagine the future of vacations. Star and the Icon Class are a symbol of what’s possible when innovation, imagination and our relentless focus on delivering exceptional experiences come together, ultimately creating unforgettable memories for millions of families and vacationers,” said Jason Liberty, president and CEO of the Royal Caribbean Group, in a news release. “We’re proud to bring this next-generation vacation experience to life with our valued partners at Meyer Turku.” read more

Trump plans to hike tariffs on Canadian goods to 35%

Trump plans to hike tariffs on Canadian goods to 35%

By JOSH BOAK, Associated Press

WASHINGTON (AP) — President Donald Trump said in a letter that he will raise taxes on many imported goods from Canada to 35%, deepening a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance.

The Thursday letter to Canadian Prime Minister Mark Carney is an aggressive increase to the top 25% tariff rates that Trump first imposed in March after months of threats. Trump’s tariffs were allegedly in an effort to get Canada to crack down on fentanyl smuggling despite the relatively modest trafficking in the drug from that country. Trump has also expressed frustration with a trade deficit with Canada that largely reflects oil purchases by America.

“I must mention that the flow of Fentanyl is hardly the only challenge we have with Canada, which has many Tariff, and Non-Tariff, Policies and Trade Barriers,” Trump wrote in the letter.

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