Afternoon Coffee: Truce on China Tariff Still Puts Pressure on Supply Chains; Levi’s Agrees to Cut Emissions

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After more U.S. tariffs against China were put on hold, stocks and oil prices increased Monday, though there was no breakthrough on the economic conflict between the two countries, according to CNN. U.S. President Donald Trump agreed at the G20 summit in Japan to hold off on placing new tariffs on China, as well as to ease import restrictions against Huawei, a Chinese tech company. Trade talks are thought to be resuming soon. “Analysts think the lack of progress means that existing tariffs won't be lifted anytime soon, keeping pressure on supply chains and a lid on global growth,” said Charles Riley, CNN Business’ Europe editor.

Levi Strauss Agrees to Cut Supply Chain Emissions

One more clothing company has joined the list of those trying to cut down on greenhouse gas emissions, Business Green, a London-based news site focuses on transitioning to net zero waste. Levi Strauss & Co. has partnered with IFC, a member of the World Bank Group, where IFC will work with 42 of Levi's suppliers to roll out renewable energy and water-saving projects. These designs are intended to cut back the environmental impact of factories and mills in Levi's production process.

$123 million NATO Procurement Deal

The Janes Defence Weekly reports that as per a Defense Security Cooperation Agency notification, the U.S. Government has given the green signal to Germany to integrate the Northrop Grumman AGM-88E Advanced Anti-Radiation Guided Missile (AARGM) into its fleet of Panavia Tornado combat aircraft. With this, Germany is all set to acquire 91 AARGM missiles and eight training missiles through the NATO Support and Procurement Agency at a cost of an estimated $122.86 million.

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