Trump will impose a minimum 10% tariff on all goods from other countries. Citing large trade deficits, the president also announced higher reciprocal tariffs on several countries.
Through its financial restructuring, the company eliminated approximately $2 billion of funded debt and is emerging with approximately $600 million of liquidity.
The five-pronged strategy includes an additional $500 million for biosecurity measures, $400 million in financial relief for affected farmers, and $100 million for vaccine research, action to reduce regulatory burdens, and exploring temporary import options.
The recall is out of an abundance of caution following a notification from the company’s supplier that the “easy-open,” pull-tab can lid on limited products encountered a manufacturing defect that may compromise the integrity of the product seal.