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US, Mexico Reach Deal To Delay 25% Tariffs US, Mexico Reach Deal To Delay 25% Tariffs
US, Mexico Reach Deal To Delay 25% Tariffs Mexico and the US have reached an agreement to delay steep tariffs that were set to take effect on Tuesday, Feb. 4. Click here for a new, updated story: Proposed 25% US Tariff On Canadian Goods Will Be Paused After Earlier Deal With Mexico Mexican President Claudia Sheinbaum announced the deal Monday morning, Feb 3. It will pause the 25 percent levies for a month, and follows negotiations between Mexican officials and the Trump administration on border security and drug trafficking.  Mexico committed to deploy 10,000 troops dedicated to stopping illegal drugs and migrants from…

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by Joe Lombardi
Business
Here's Why Coffee Prices Are Surging To Multi-Year High Here's Why Coffee Prices Are Surging To Multi-Year High
Here's Why Coffee Prices Are Surging To Multi-Year High Coffee prices have reached a multi-year high due to a number of factors, including a crop-destroying frost in Brazil. Fortune reported in July that the coffees trees in Brazil were impacted by a drought and two frosts, leading to the high prices. The country is the world's largest coffee producer, accounting for 40 percent of the world's output of the product, the news site reported. Prices for high-end beans used by some coffee chains increased more than 30% during this period, Fortune reported. COVID-19 restrictions in Vietnam, the world's second-largest coffee exporter, have also cause…

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by Nicole Valinote
News
Chocolate Price Hike Could Be Coming: 'Cocoa Cartel' Nations Agree On Increase Chocolate Price Hike Could Be Coming: 'Cocoa Cartel' Nations Agree On Increase
Chocolate Price Hike Could Be Coming: 'Cocoa Cartel' Nations Agree On Increase The “cocoa cartel” may be coming to cause the cost of chocolate to spike nationwide, according to reports. A new report from the Wall Street Journal found that two countries that control 60 percent of the worldwide cocoa supply - dubbed the “cocoa cartel” - may soon drive up the cost of chocolate products around the globe. The report states that the Ivory Coast and Ghana are teaming to charge hundreds of dollars more per metric ton of cocoa, which will be put in place later this year. The “cocoa cartel” is expected to charge approximately $400 extra per metric ton, a 16 percent increase. I…

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by Zak Failla