Afternoon Coffee: U.S. to Impose Another $200 Billion of Tariffs on China, E.U. Investigates ‘Collusion’ Between German Car Manufacturers

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President Trump announced Monday the latest escalation in the U.S.-China trade war: new tariffs on $200 billion of Chinese goods and a threat to tax all imports, the New York Times reports. The next wave of tariffs is scheduled to go into effect on Sept. 24 at 10% and then climb to 25% on Jan. 1.

Emissions Collusion  

Volkswagen may not have been alone in its attempts to thwart vehicle emissions tests, according to the European Union’s antirust body. The European Commission has opened a formal investigation into “possible collusion” among BMW, Daimler, Volkswagen and its Audi subsidiary to jointly “limit the development of technology that would reduce harmful exhaust emissions,” The Wall Street Journal reports.

Nestle Tackles Deforestation 

Affirming its commitment to fight deforestation within its supply chain, Nestle announced Monday plans to use a satellite monitoring service to provide high-resolution radar and imagery documenting land cover changes and forest cover disturbances, Supply Chain Dive reports. As of last year, the food manufacturer said 63% of its global supply chain was deforestation-free, and it has committed to shifting all of its global products to that status by 2020.

Coca-Cola Eyes CBD

And finally, a marijuana supply chain update: Coca-Cola said Monday it is in talks with Aurora Cannabis to explore creating drinks infused with CBD, the "non-psychoactive ingredient in marijuana that treats pain but doesn’t get you high," Bloomberg reports. The move comes as part of a broader strategy at the beverage manufacturer to diversify beyond soft drinks.

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