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Vietnam’s THACO, U.S. Fresh Del Monte Sign 10-year Banana Supply Deal
U.S. food group Fresh Del Monte has signed a 10-year banana supply deal with the Vietnamese firm Truong Hai Group Corporation (THACO), the companies announced.
Fresh Del Monte has agreed to buy 71,500 tons of bananas in 2026, or around 15% of THACO’s expected output, the company said. Under the agreement, the traded volume would rise over the 10-year term.
Fresh Del Monte plans to export THACO Bananas to Hong Kong, Japan, South Korea, and later the Middle East, it said...
Trump Letters Reveal August 1 Tariff Rates for Key US Trading Partners
The Trump administration was busy after the Fourth of July holiday, as the President sent out a litany of letters to US trading partners revealing what their tariff rate would be starting on August 1.
Over the weekend, President Donald Trump and members of the administration announced that letters would begin rolling out showcasing new tariff rates for countries. The letters came at a rapid pace on Monday afternoon, with messages dispatched to the leaders of Japan, South Korea and South Africa, to name a few...
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