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Breaking News Live July 18: Brazil's Lula calls Trump's tariff threat 'unacceptable blackmail'

Breaking News Live July 18: Brazil's Lula calls Trump's tariff threat 'unacceptable blackmail'

Time of India9 hours ago
06:01 (IST) Jul 18
n a significant development, the US has designated The Resistance Front, a proxy of Pakistan-based terror group Lashkar-e-Taiba (LeT) that was behind the Pahalgam attack, as a foreign terrorist organisation.
In a statement issued by the Department of State on Thursday, Secretary of State Marco Rubio said this action demonstrates the US' commitment to enforcing President Donald Trump's call for justice for the Pahalgam attack.
Twenty-six people were killed in the April 22 attack in Pahalgam, Jammu and Kashmir.
The Resistance Front (TRF) claimed responsibility for the attack, but later backtracked as tensions soared between India and Pakistan.
Rubio said the Department of State is designating the TRF as a Foreign Terrorist Organisation (FTO) and Specially Designated Global Terrorist (SDGT).
"TRF and other associated aliases have been added to LeT's designation as a FTO and SDGT pursuant to Section 219 of the Immigration and Nationality Act and Executive Order 13224, respectively. The Department of State has also reviewed and maintained the FTO designation of LeT," he said.
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Trump administration allows ICE to gain access to medicaid data to find illegal immigrants: Report
Trump administration allows ICE to gain access to medicaid data to find illegal immigrants: Report

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  • First Post

Trump administration allows ICE to gain access to medicaid data to find illegal immigrants: Report

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Masood Azhar seen in POK, 1,000 km away from Bahawalpur bastion, shows intel
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India Today

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Masood Azhar seen in POK, 1,000 km away from Bahawalpur bastion, shows intel

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Trump's sugar economics for Coke amid the company's multi-billion tax case
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Time of India

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  • Time of India

Trump's sugar economics for Coke amid the company's multi-billion tax case

Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Trump, Coke and populist optics HFCS vs. sugar Tired of too many ads? Remove Ads Where Coca-Cola stands Coke's billion-dollar tax mess Impact on sugar producers and costs Nutritional nuance Ninety-four percent of the world's population recognises the red-and-white Coca-Cola logo, according to a ResearchGate study citing multiple reports. That's not a brand — it's a global reflex. And now, Donald Trump wants President Donald Trump is gettinghimself involded into the recipe of the planet's most iconic soft drink. 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Removing that would ripple through corn prices and farm Corn Refiners Association (CRA) estimates such a shift could cut farm receipts by $2.2 to $5.1 billion, with worst-case losses reaching $7.5 billion. Iowa, Illinois and Nebraska alone could lose nearly $2.35 billion in the short term.'Replacing high-fructose corn syrup with cane sugar would cost thousands of American food manufacturing jobs, depress farm income, and boost imports of foreign sugar — all with no nutritional benefit,' warned CRA President and CEO John Bode, as per remains a of July 17, 2025, it had a market cap of $298.16 billion. It reported $47.06 billion in revenue for 2024, with Q1 2025 revenues at $11.13 billion (down 2% YoY due to currency swings and bottling changes), while organic revenue rose 6%.Net income in 2024 hit $10.63 billion; Q1 2025 net income rose 4.8% to $3.33 sells 500+ brands in over 200 countries, reaching 1.9 billion people daily. It led the global non-alcoholic beverage market with over 40% share in 2024, according to $478.14 billion carbonated beverage market is projected to hit $707.76 billion by 2034, as per Precedence Research. The cola segment alone could more than double, from $144.6 billion to $317.5 billion, by then, as per Prophecy Market the US, Coke held a 44.9% share of the 2024 carbonated soft drink market, which was valued at $303.11 billion and is forecast to grow to $467.18 billion by 2030, according to Grand View brands like Coke (19.2%), Sprite (8.1%), and Diet Coke (7.8%) remain also worth noting is that nearly 40% of Coca-Cola's global revenue comes from the US market alone. In 2024, North America contributed 39% to total revenue, followed by Europe, the Middle East and Africa at 23%, Latin America and Bottling Investments at 13% each, and Asia Pacific at 12%, as per the Trump touts Coca-Cola's supposed health kick, the company is fighting a far more consequential battle, with the IRS. And the outcome could reset global norms on how multinationals are goes back to 1996, when Coke and the IRS agreed on a royalty formula for profits from foreign subsidiaries: the so-called 10-50-50 rule. Under it, subsidiaries kept 10% of sales and half the residual profit; the US parent got the return, the IRS said it wouldn't impose accuracy-related penalties, so long as Coke stuck to the truce held, until 2011. As reported the Forbes, without warning, the IRS scrapped the agreement for tax years 2007 to 2009 and imposed a new method: the Comparable Profits Method (CPM), which bases income allocations on profits earned by similar independent switch inflated Coca-Cola's taxable income by $9 billion and hit it with $3.4 billion in tax deficiencies for those three years challenged the IRS in court, but in 2020, the US Tax Court largely sided with the government. 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Al Jazeera pegged the company's total exposure at up to '$16 billion, almost two years' worth of profits.A shift to cane sugar would likely boost demand for domestic producers, particularly in Florida and Louisiana, where most of the US cane sugar industry is based. In 2024, the US sugar market stood at 48.1 million tons, as per IMARC, and the cane segment accounted for roughly 40–45% of total supply, USDA ERS, shift would be welcomed by powerful industry groups like the American Sugar Alliance, which have long advocated for reduced reliance on being shielded by the US Sugar Program, which keeps domestic prices high through tariffs and quotas, cane sugar producers have struggled. They face rising input costs, margin pressures, and stiff competition from cheaper HFCS, widely adopted since the sector has also seen significant consolidation, with sugarcane farms declining by 31% between 1997 and 2022, as reported Southern Ag Today. For many growers, a move back to real sugar in sodas would be a rare opportunity to reclaim lost the cost implications are sugar costs between $0.40 and $0.50 per pound in the US, compared to $0.20–$0.30 for HFCS. That could mean $800–$900 million in added annual costs for Coca-Cola alone, Hindustan Times reported, based on its estimated use of 2.7 billion pounds of could see price hikes of 10–15% on sweetened drinks, as per would also force 'massive supply chain overhauls,' from storage to equipment labour impact is mixed. Corn processors and HFCS refiners may face job cuts, thousands, according to the CRA. Meanwhile, sugar refining jobs could grow slightly, but direct employment in that sector is modest — 14,000 to 15,000 people, as per IBISWorld, switching to cane sugar may not mean much. The FDA has stated there's no evidence of a meaningful safety difference between HFCS and cane sugar. Harvard nutritionist Frank Hu summed it up: 'Sugar in general' is the problem, not which the war on ultra-processed food is as much cultural as medical, and Trump is using that is more than a formula change, it's a potential $6 billion shake-up in the domestic sugar economy, which accounts for 30% of US sugar announcement may be political theatre, but for Coca-Cola, it could be smart brand positioning. With tax agents closing in and consumers rethinking processed foods, appearing to respond to health concerns could be a reputational buffer.'Real sugar Coke' fits 2025's consumer trends: nostalgia, authenticity and clean-label marketing. But overhauling sugar sourcing, supply chains and formulas won't be easy.

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