logo
Trump says Coca-Cola agreed to switch to real cane sugar in US

Trump says Coca-Cola agreed to switch to real cane sugar in US

France 242 days ago
President Donald Trump said Wednesday that Coca-Cola has agreed to use real cane sugar in its flagship soft drink in the US at his suggestion — though the company didn't confirm such a move.
Any switch from high-fructose corn syrup in Coke sold in the United States would put Coca-Cola more in line with its practice in other countries, including Mexico and Australia. But it wouldn't affect Trump's drink of choice, Diet Coke, which uses aspartame as a calorie-free beverage.
'I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so,' Trump wrote on his social media site. 'I'd like to thank all of those in authority at Coca-Cola. This will be a very good move by them — You'll see. It's just better!'
A spokesperson for Atlanta-based Coca-Cola Co. said in a statement that the company appreciated Trump's enthusiasm and promised that more details on new offerings within its products would be shared soon.
Coca-Cola didn't elaborate. But the company has long indulged US fans of cane sugar by importing glass bottles of Mexican Coke to the US since 2005.
Returning to sugar in US production, meanwhile, might affect the nation's corn farmers, whose yields are used in artificial sweeteners.
'Replacing high fructose corn syrup with cane sugar doesn't make sense," Corn Refiners Association President and CEO John Bode said in a statement. "President Trump stands for American manufacturing jobs, American farmers, and reducing the trade deficit. 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.'
Trump himself is such a fan of Diet Coke that that he had a red button installed on the Resolute Desk in the Oval Office that he can press to have a White House butler bring one in for him.
Despite his fondness for Diet Coke, his relationship with the company hasn't always been sweet.
In a series of posts in 2012, Trump suggested diet soda might be connected to weight gain before eventually writing, 'The Coca Cola company is not happy with me — that's okay, I'll still keep drinking that garbage.'
A bottle of Diet Coke could be seen sitting next to his chair years later, at a G20 summit in 2017. And The New York Times reported in 2018 that he was drinking a dozen Diet Cokes daily.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EU increases pressure on Russia with 18th sanctions package
EU increases pressure on Russia with 18th sanctions package

LeMonde

time5 hours ago

  • LeMonde

EU increases pressure on Russia with 18th sanctions package

After six weeks of debate, the 27 EU member states reached agreement on Friday, July 18, on an 18 th package of sanctions against Russia for its war in Ukraine, targeting both the energy sector and the Russian banking system. This move increased pressure on Russia just days after Donald Trump announced on Tuesday, July 15, the sale of weapons to NATO countries for Ukraine and gave Vladimir Putin a 50-day ultimatum, threatening further sanctions. "The EU just approved one of its strongest sanctions package against Russia to date," said EU foreign policy chief Kaja Kallas on Friday morning. "We will keep raising the costs, so stopping the aggression becomes the only path forward for Moscow," she added. "We are striking at the heart of Russia's war machine," emphasized Ursula von der Leyen, the president of the European Commission, who noted, when presenting the sanctions proposals, that Russian oil continued to generate substantial revenue for the country. "Done! This morning, we Europeans have adopted unprecedented sanctions against Russia and against the countries providing their support. France has played a key role in this decision. Together with the United States, we will compel Vladimir Putin to agree to a ceasefire," said French Foreign Minister Jean-Noël Barrot on X. French diplomats said they were behind half the measures adopted by the 27 member states. Ukrainian President Volodymyr Zelensky also welcomed the new European sanctions against Moscow, which he described as "essential and timely."

Supreme Court orders Brazil's Bolsonaro to wear ankle monitor
Supreme Court orders Brazil's Bolsonaro to wear ankle monitor

France 24

time7 hours ago

  • France 24

Supreme Court orders Brazil's Bolsonaro to wear ankle monitor

Former Brazilian President Jair Bolsonaro on Friday had his home searched by police and was ordered to wear an ankle monitor, adding to legal pressure that US President Donald Trump has tried to end by threatening a steep tariff on Brazilian goods. Lawmakers from Bolsonaro's right-wing Liberal Party said the former president had been ordered to wear an ankle monitor, stop using social media and cease communications with diplomats. CNN Brasil reported that the court orders targeting Bolsonaro had been motivated by the risk of him fleeing to the United States. 'It is a supreme humiliation,' Bolsonaro told journalists in the capital Brasilia after putting on the ankle monitor. 'I never thought about leaving Brazil, I never thought about going to an embassy, but the precautionary measures are because of that.' Liberal Party lawmakers said Bolsonaro was also banned from contacting key allies including his son Eduardo, a Brazilian congressman who has been lobbying in Washington to help his father. On social media, the lawmaker tied the latest court order to a video his father released on Thursday thanking Trump for his support. Bolsonaro's lawyers in a statement expressed "surprise and indignation" at what they called "severe precautionary measures imposed against him," adding that Bolsonaro has so far complied with court orders. Federal police in a statement said they had served search warrants and non-specified "precautionary measures" ordered by the Supreme Court, but did not name Bolsonaro, who governed Latin America 's largest country from 2019 to 2022. Trump has pressed Brazil to stop a legal case against Bolsonaro, saying that his former ally was the victim of a "witch hunt". Bolsonaro, who was friendly with Trump when they were both in office, is on trial before Brazil's Supreme Court on charges of plotting a coup to stop President Luiz Inacio Lula da Silva from taking office in January 2023. Trump, who last week said he would impose a 50 percent tariff on Brazilian goods, posted on Truth Social on Thursday a letter he sent to Bolsonaro. "I have seen the terrible treatment you are receiving at the hands of an unjust system turned against you. This trial should end immediately!" he wrote.

Win for the crypto industry: New major US regulation passed
Win for the crypto industry: New major US regulation passed

Euronews

time9 hours ago

  • Euronews

Win for the crypto industry: New major US regulation passed

What the US government dubbed as the "Crypto Week" yielded in the House passing the first federal legislation to regulate stablecoins. As it has been previously approved by the Senate, it comes into effect the moment the president signs it. Two additional crypto-related bills also passed in the House and will now proceed to the Senate. This is a major win for the crypto industry, which poured millions into last year's election, supporting candidates, including Donald Trump, who became a major advocate for cryptocurrency investments. The House had three crypto-related bills to pass this "Crypto Week". However, the bills were stalled for more than a day due to disagreements among House Republicans over how to combine the legislation. Ultimately, GOP leaders put the three bills up for separate votes. One of the three bills, legislation to regulate a type of cryptocurrency called stablecoins, had already passed the Senate with broad bipartisan support and will now head to Trump's desk. The other two bills — a broader measure to create a new market structure for cryptocurrency and a bill to prohibit the Federal Reserve from issuing a new digital currency — will be considered by the Senate later. How stablecoin is being regulated in the US The stablecoin bill, called the "Genius Act", sets initial guardrails and consumer protections for the cryptocurrency, with reserve requirements, audits, and compliance. Stablecoins are digital tokens tied to a stable asset, often the US dollar, to reduce price volatility. "Around the world, payment systems are undergoing a revolution," said House Financial Services Chair French Hill of Arkansas as lawmakers debated the stablecoin legislation Thursday morning. Hill said the bill will "ensure American competitiveness and strong guardrails for our consumers." The stablecoin measure is seen by lawmakers and the industry as a step toward adding legitimacy and consumer trust to a rapidly growing sector. US Treasury Secretary Scott Bessent said in June that the legislation could help that currency "grow into a $3.7 trillion (€3.2tr) market by the end of the decade." The bill outlines requirements for stablecoin issuers, including compliance with US anti-money laundering and sanctions laws, and mandates that issuers hold reserves backing the cryptocurrency. Without such a framework, Republicans on the Senate Banking Committee warned in a statement, "consumers face risks like unstable reserves or unclear operations from stablecoin issuers." After the votes, House Republicans strongly urged the Senate to take up the second bill, which would create a new market structure for cryptocurrency. That legislation aims to provide clarity for how digital assets are regulated. The bill defines what forms of cryptocurrency should be treated as commodities regulated by the Commodity Futures Trading Commission and which are securities policed by the Securities and Exchange Commission. In general, tokens associated with "mature" blockchains, like Bitcoin, will be considered commodities. The third bill, passed in the House on a narrower 219-210 margin, prohibits the US from offering what is known as a "central bank digital currency," which is a government-issued form of digital cash. Why the US needs crypto regulation The crypto industry has long complained that unclear laws have made it difficult to operate in the US and that the Biden administration attempted to regulate it through enforcement actions rather than transparent rulemaking. Passing this bill has been a top priority for the industry, which has quickly become a major player in Washington, thanks to substantial campaign donations and lobbying efforts. Patrick McHenry, the former chair of the House Financial Services Committee and now vice chair of the crypto firm Ondo Finance, said the legislation will have a "massive generational impact," similar to the securities laws Congress passed in the 1930s that helped make Wall Street the centre of the financial world. "These bills will make the United States the centre of the world for digital assets," he said. While the bill has significant bipartisan support, it has also faced pushback from Democrats who argue that the legislation should address Trump's personal financial interests in the cryptocurrency space. A provision in the stablecoin bill bans members of Congress and their families from profiting off stablecoins. But that prohibition does not extend to the president and his family. According to Forbes, the president's crypto holdings are worth more than any single real estate asset in his portfolio, an estimated $1 billion (€860 million). The Republican president's family holds a significant stake in World Liberty Financial, a crypto project that launched its own stablecoin, USD1. Trump reported earning $57.35 million (€49.2 million) from token sales at World Liberty Financial in 2024, according to a public financial disclosure released in June. Some Democrats also criticised the bill for creating what they see as an overly weak regulatory framework that could pose long-term financial risks. They have also raised concerns that the legislation opens the door for major corporations to issue their own private cryptocurrencies. "If this bill passes, it will allow Elon Musk and Mark Zuckerberg to issue their own money. The bill still permits Big Tech companies and other conglomerates to issue their own private currencies," said Massachusetts Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store