The Minneapolis-based company said it had a loss of $3.74 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to 95 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.

The maker of Cheerios cereal, Yoplait yogurt and other packaged foods posted revenue of $4.61 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $4.6 billion.

_____

This story was generated by (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a at https://www.zacks.com/ap/GIS

Source

opens over the weekend on July 4, the pinnacle date of celebrations this year honoring of the signing of the Declaration of Independence. But Trump is coming early to see the $450 million project, a push of Interior Secretary from when he was , and bringing the official celebrations of the nation’s birth to a region synonymous with its westward expansion.

All living presidents were invited to the grand opening of the library, which joins more than a dozen such libraries examining the lives and legacies of U.S. presidents from Ronald Reagan in California, to Franklin D. Roosevelt in New York to Herbert Hoover in Iowa. in Chicago, bringing together four former presidents for the occasion.

Trump will be the library鈥檚 first official visitor, Library Executive Director Robbie Lauf said, and will speak at a nearby Western-themed amphitheater at an event run by Freedom 250, the Trump-created group billed as nonpartisan that he has tapped to organize the festivities he will participate in this week. On Friday, Trump also plans to visit South Dakota鈥檚 Mount Rushmore for Independence Day fireworks, .

The president has often praised, and even compared himself favorably, to Roosevelt, declaring in 2020 that he was, 鈥淭he number one environmental president since Teddy Roosevelt.鈥�

Trump began his second term by trumpeting construction of the Panama Canal during the Roosevelt administration. He even suggested that the U.S. might seek to the waterway from Panama to curb influence from China 鈥� though that鈥檚 a goal that was overshadowed by his suggestions that Washington might or that Canada could become .

In the run-up to staging a for his 80th birthday, Trump said he was aware of Roosevelt holding far lower-key in the White House 鈥� though he made no mention of Roosevelt having detached the retina of his left eye during one such sparring session.

The trip also underscores the president’s esteem for Burgum, who has become a key face of and cheerleader for the president鈥檚 expansive .

Roosevelt was a New York native with a strong connection to North Dakota

Roosevelt visited Dakota Territory in 1883 to hunt bison. On Valentine’s Day the next year, his mother and wife died hours apart in the same house.

Devastated, the New York native came to Dakota where he ranched cattle and hunted big game in the West during visits mostly from 1884 to 1887.

He underwent deep personal growth from his experiences, including chasing boat thieves down a river, standing up to a bully in a bar and working alongside cowboys who ridiculed him for wearing eyeglasses.

Roosevelt, who served from 1901 to 1909, later said he never would have been president were it not for his experiences in North Dakota.

Near the library is . Visitors can hike trails and drive a scenic route through the colorful, rugged Badlands where bison and .

In 2019, to North Dakota’s Republican-led legislature when he was governor, touting its tourism potential. The legislature approved a $50 million operations endowment, requiring library planners to raise $100 million in private donations, a goal met in 2020. Donations total about $354 million as of early 2026.

Donors include , the , Citadel founder and CEO Kenneth Griffin and Burgum himself.

Burgum also has lobbied for Roosevelt鈥檚 induction into the Pro Football Hall of Fame, saying during an event previewing the Roosevelt library, 鈥淜eep your fingers crossed.鈥�

That鈥檚 a nod to Roosevelt 鈥� who had become alarmed at the number of injuries and deaths of college football players 鈥� convening a 1905 White House meeting featuring the presidents of Harvard, Yale and Princeton to urge safety improvements in the sport. The discussions eventually helped sparked the founding of the NCAA, college鈥檚 sports governing body.

The library will showcase Roosevelt’s ideas and artifacts

Visitors will learn about Roosevelt’s conservation ideas and his Rough Riders regiment of the Spanish-American War, but also his 鈥渉orrific comments鈥� about Native Americans and other issues “that have obviously aged poorly,” Lauf said.

Artifacts, many of them out of public view for decades, will tell Roosevelt’s story. Visitors will see his Rough Riders uniform; the 1884 diary grieving his terrible loss; and the eyeglasses case, speech and shirt from the 1912 assassination attempt against him.

Organizers hope the library draws families and thousands of school children from the region, as well as some of the millions of motorists who travel to Yellowstone National Park and the Black Hills.

鈥淚t’s a feature, not a bug, that we are in a county of 1,000 people and a town of 120,鈥� Lauf said. 鈥淭R came here for that purpose.鈥�

The Dakota Resource Council on Tuesday hosted several conservation leaders who criticized Burgum and Trump for policies they say contradict Roosevelt’s conservation principles, such as and budgets and on public lands.

Last year Burgum signed an order prioritizing the openness and accessibility of parks to the public amid the workforce cuts. He has compared America’s public lands and natural resources to 鈥渁ssets鈥� that should be responsibly developed to exert 鈥渆nergy dominance.鈥�

___

Associated Press writer Will Weissert in Washington contributed to this report.

Source

On a per-share basis, the Melville, New York-based company said it had net income of $1.44. Earnings, adjusted for pretax gains, came to $1.43 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The distributor of industrial tools and supplies posted revenue of $1.05 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $1.03 billion.

_____

This story was generated by (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a at https://www.zacks.com/ap/MSM

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It adds up. The United States trades $1.9 trillion a year 鈥� $5 billion a day 鈥� worth of goods and services with its neighbors, Canada and Mexico. They have to become America’s top two trading partners.

So the stakes are high when it comes to fiddling with the rules that govern trade between the three countries. And after a year of President Donald Trump鈥檚 chaotic tariff policies, many U.S., Canadian and Mexican businesses would welcome the return of stability across North America.

They are not likely to get it.

The regional trade pact 鈥� the U.S.-Mexico-Canada Agreement or USMCA 鈥� that about in his first term comes up for renewal Wednesday, a process that is likely to last months, maybe longer.

And the path forward is lined with landmines.

“There鈥檚 going to be a lot of drama this summer,” Diego Marroqu铆n Bitar, a fellow in the America鈥檚 program at the Center for Strategic and International Studies, said last week at a USMCA forum sponsored by the Cato Institute.

A bumpy road ahead for North American trade

The U.S. is making demands that could effectively force Canada and Mexico to surrender some automaking production to the United States. That might bring more auto factory jobs to the United States. But it would also upend established supply chains and would push up U.S. prices for new cars that now average nearly $50,000 at a time when American consumers are already frustrated about the high cost of living.

Trump, characteristically, has added to the tension by threatening to pull out of his own agreement altogether.

In 2020, the USMCA replaced the 1994 North American Free Trade Agreement, which tore down most trade barriers between the three North American countries.

Trump and other critics had called NAFTA a job killer because it encouraged U.S. companies to move factories south of the border to take advantage of low-wage Mexican labor, then ship goods back to the United States duty free.

His USMCA 鈥� though it pressured factories to pay higher wages and make sure that more of what they made originated in North America in an effort to prevent Chinese products from slipping across regional borders duty free.

North America trade deal comes up for renewal every six years

The USMCA included a novel provision requiring the pact to be renewed every six years. That deadline is Wednesday, but “nothing is going to happen July 1,” said Oscar Ocampo, director of economic development at the Mexican Institute for Competitiveness.

Negotiators could agree Wednesday to renew USMCA as it is for another 16 years. But that is considered highly unlikely. Instead, they are expected to keep working on ways to improve it; they have until 2036 to reach an agreement 鈥� or the pact expires.

Meantime, any USMCA country can pull out of the pact provided it gives its two partners six months鈥� notice 鈥� a red buzzer that Canada and Mexico, dependent on trade with the United States, fear Trump just might push.

Trump, after all, said in June that he was 鈥渘ot looking to renew鈥欌�� the trade pact with Canada and Mexico. “We don鈥檛 need anything that they have,鈥� he said.

Ocampo suspects that Trump doesn’t really want to drop the treaty; he just wants to use the uncertainty to keep pressure on Mexico over security and immigration issues.

Canada is out in the cold 鈥� so far

The United States and Mexico have held talks on renewing the trade agreement. But Canada has so far been stuck on the sidelines.

Patrick Childress, a partner at the Holland & Knight law firm and a former U.S. trade negotiator, said: “The danger for Canada is this: that the U.S. government and the Mexican government reach agreement on changes to core provisions of the treaty and then show up in Ottawa and say: 鈥楬ere鈥檚 what we鈥檝e agreed to. You can take it or leave it.鈥欌�欌��

Canadian Prime Minister Mark Carney said that the three trading partners plan to meet virtually on Wednesday, adding: 鈥淚鈥檓 not looking for my pen.鈥�

Carney later said in French his priority is to do an update to USMCA and that it is impossible for the U.S. to have a new agreement without the approval of Congress.

Pushing production to the United States

The U.S. wants a refreshed trade pact to do more to make sure that Chinese goods don鈥檛 get in through the back door. But the most contentious issue is a U.S. push to require that more products are made in North America 鈥� and specifically the United States.

USMCA included a requirement that automotive products 鈥� up from 62.5% under NAFTA 鈥� to qualify for duty-free treatment.

The U.S. wants to push the 75% threshold even higher but it won鈥檛 be easy. Automakers already “have been fine-tuning their supply chains for years to be able to hit that 75% mark,” Childress said. They would need time to meet the higher standard.

The U.S. is also seeking a brand-new requirement: that 50% of cars be made in the United States, . Currently, none of the USMCA countries gets a guaranteed share of production. “It鈥檚 a red line for both Mexico and Canada, and it goes against the spirit and the letter of regional integration,” Ocampo said.

Marcos Carias, an economist at the credit insurer Coface, said only 1 in 5 Mexican and Canadian cars imported into the United States would currently meet the 50% standard.

Vehicle models likely to be hit with higher costs under the plan, he said, include Ford鈥檚 Maverick compact pickup truck, Chevrolet鈥檚 mid-size Equinox SUV and some Nissan sedans 鈥� all made in Mexico. Carias鈥� “back of the envelope” calculations suggest that prices could increase 5% – 7% on the most-affected models.

Businesses want stability

A lot of companies just want relief from Trump鈥檚 ever-changing tariffs. 鈥淢y interest in this USMCA renewal is just consistency, right?” said Shawn Miller, co-founder of PKGD Group, which imports agave spirits (tequila, mezcal and raicilla) from family producers in Mexico. 鈥淚f the rules change, the rules change. But we鈥檇 really like to know (what they’re going to be) and we鈥檇 like them to stay that way for a while.”

Business is booming for PKGD. Sales at the Holland, Michigan-based firm are up 62% so far this year after surging 100% in 2025 and 300% in 2024.

But last year was chaotic.

Trump hit Mexican and Canadian goods with a 25% import tax in February only to turn around a month later and . The USMCA allows the Mexican spirits into the United States duty free.

Amid the tumult, three truckloads of Mexican spirits imported by PKGD crossed the border into the United States and got hit with the 25% tariff. The cost came to $105,000. “For us, it was one unfortunate day!” Miller said.

Not knowing what tariffs Trump might conjure up next, PKGD huddled with its Mexican producers to figure out how to respond. 鈥淲hat can we absorb? What can they absorb?” Miller said. 鈥淗ow can we mitigate this?”

Miller said he and his Mexican suppliers 鈥渁re not large multinational corporations with dedicated trade departments, teams of lawyers, or lobbyists focused on trade policy.”

Kerry Mellin can sympathize.

In 2014, the veteran Hollywood costume designer started a business in Ventura County, California, selling silicone grips that enable people with disabilities (such as cerebral palsy and Parkinson鈥檚) to hold things 鈥� spoons, cups, pens, toothbrushes.

But sales floundered when she introduced her EazyHold grips in Canada, where she has dual citizenship. She thinks it鈥檚 because the silicone she imports from Asia kept her grips from having enough North American content to qualify for USMCA鈥檚 duty-free treatment when they crossed the border from the United States.

Mellin suspects EazyHold could meet the USMCA standards, 鈥渂ut the rules are complex and unpredictable enough that I genuinely can鈥檛 be sure without hiring a trade attorney.”

Mellin believes the USMCA鈥檚 rules of origin should be loosened, not tightened, to help small businesses that can鈥檛 afford costlier raw materials from North America.

鈥淚 do understand why the rule exists — to stop companies from routing Chinese goods through Mexico,” she said. 鈥淚 just wish it could tell the difference between that and a small family business in California making grip aids for people who can鈥檛 hold a fork. I鈥檓 not the problem they were trying to solve.”

____

AP Writers Maria Verza in Mexico City and Rob Gilles in Toronto contributed to this story.

Source

7News First Alert Chief Meteorologist Veronica Johnson said an intense heat wave is expected to last potentially into Sunday. The National Weather Service issued a heat advisory for the entire D.C. region starting Wednesday at 11 a.m. until 8 p.m.

“This heat wave will be intense and will last for days,” she said. “Heat advisories have been issued, so make sure you’re drinking plenty of water, even when you’re not thirsty.”

Johnson said temperatures could reach 101 Thursday, 103 Friday, 102 on the Fourth of July听and 94 degrees is the expected high Sunday.听

“That heat index on the Fourth of July itself, somewhere between 100 and 107 degrees, even at 10 p.m., it could feel like 95 to 100,” Johnson said.

While most of the D.C. area will remain dry, there is a possibility of an isolated late-day storm . If one develops, it could produce damaging wind gusts. Temperatures will drop into the 70s into the suburbs but remain in the 80s in the city with warm and humid conditions.

Thursday is shaping up to be “one of the hottest days the D.C. area has experienced in years,” 7News First Alert Meteorologist Eileen Whelan said with the high humidity driving heat index values as high as 112. An extreme heat watch is in effect for most of the region through Friday with the possibility of record-breaking temperatures.

“Little relief arrives after sunset, with temperatures holding in the 80s well into the evening, adding additional stress to anyone without adequate cooling,” Whelan said.

Across the country

The National Weather Service was blunt: Conditions were 鈥渄angerous鈥� as the heat index, a combination of air temperature and humidity, exceeded 100 degrees in some areas. It warned about a risk for heat-related illnesses, especially among people without air conditioning.

Detroit鈥檚 air temperature was in the high 90s, the weather service said, and could even reach 100 at some point through Thursday. The city said a dozen recreation centers were open, some until 11 p.m., for people to cool off. Big chunks of Michigan, as well as Illinois, Ohio, Indiana, Kentucky and much of Iowa, were under an extreme heat warning.

The Northeast, including New York City and Boston, will next feel major heat through the Fourth of July holiday. Norristown, Pennsylvania, 20 miles from Philadelphia, canceled a Saturday parade because of the weather.

Philadelphia declared a heat emergency Wednesday through Saturday, and said 50 cooling centers will operate with extended hours. The city said visitors will find misting tents, water refill stations and medical stations at the free World Cup fan festival at East Fairmount Park.

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• Weather forecast
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How to stay safe

With this kind of miserable heat expected to blister the D.C. area for days, it’s important to keep yourself and your loved ones (and your pets, of course) safe.

Dr. Sharon Swencki, an emergency physician with MedStar Baltimore, said they tend to see the most patients during the daylight hours.

“People who are working outside with very physical jobs, people who are more prone to heat illness, elderly people with chronic illness, people on some medications,” Swencki said.

“People oftentimes present with some sort of early heat illness 鈥� things like nausea, muscle cramping, those are very common, especially in people who are working outside in the heat.”

There are warning signs to be on the watch for.

“It听usually starts as sort of heat exhaustion, which again is just sort of that heavy sweating, feeling faint, dizzy, fatigued, maybe having a low blood pressure, feeling weak when you stand up, heart rate might be a little bit high, you might start to see muscle cramping, nausea, headache,” Swencki said.

“The problem that we see is when people are not removed from the heat, then that can actually progress to heat stroke.”

And then with heat stroke, you might actually start to see seizures, people might not be responding or there responses are strange.

“They are acting confused, they’re not answering questions right, they’re a little bit slow to answer questions, and then in very severe cases might start to have seizures,” Swencki said.

She said prevention is key. And the best way to do that is to limit your exposure.

“If you are outside, try听to be in the shade. Dress听appropriately, dress听your baby appropriately. A baby, even if they’re an infant, if you’re hot, they’re going to be hot too, so they don’t need to be in their flannel pajamas with the onesie underneath,” Swencki听said.

“People just need to stay vigilant, listen to the newscasters when they’re telling you to stay out of the heat, alerting your neighbors, checking on your vulnerable family members听or your vulnerable neighbors, and make sure they get听to a cooling center.”

7News First Alert Forecast

WEDNESDAY
HEAT ADVISORY
Sunny, very hot
Highs: 95-100
Heat Index: 102-107
Winds: Southwest 5-10 mph

WEDNESDAY NIGHT
Mainly clear
Lows: 75-80
Winds: Southwest 5-10 mph

THURSDAY
EXTREME HEAT WATCH
Sunny, dangerous heat
Highs: 100-105
Heat Index: 107-112
Winds: Southwest 5-10 mph

FRIDAY
EXTREME HEAT WATCH
Mostly sunny, dangerous heat
Scattered PM storms possible
Highs: 100-106
Winds: West 5-10 mph

SATURDAY
Extreme heat; Thunderstorm risk
Highs: Around 100
Winds: West 5-10 mph

Current Conditions

The Associated Press contributed to this report.

Source

Out of 342 employers recognized this year, one stands out 鈥� a two鈥憏ear鈥憃ld company that鈥檚 already earned Top Workplace honors twice.

NR Labs, the Tysons, Virginia-based cybersecurity firm Brian Gay and Ryan Tappis built from the ground up, didn鈥檛 begin in a boardroom. The co鈥慺ounders鈥� partnership began a decade ago in a “cramped 8鈥慴y-8 office” in Bethesda, Maryland.

Gay said seeing how Tappis handled the workload, the mission and the pressure made an impression.

鈥淣othing tells the true colors about someone until you see them deliver and work hard,鈥� he said.

Tappis joked that the two were 鈥渕arried, whether we wanted to be or not,鈥� after spending five days a week in that small office.

The partnership stuck. Gay eventually joined Tappis at another firm, and when the time came to build something new, their director core followed them.

鈥淲e鈥檙e trying to assemble a team of rock stars that are really all in on the cyber mission,鈥� Tappis said.

NR Labs handles everything from security operations centers to risk management and offensive penetration testing, but both leaders said the real work begins with people.

鈥淲e sell people, we do not sell a product,鈥� Tappis said. 鈥淥ur people need to be happy and motivated and challenged.鈥�

Gay said the company鈥檚 approach is to remove the roadblocks that slow employees down.

鈥淲e don鈥檛 try to wrap it around meetings, bureaucracy, overhead,鈥� he said. 鈥淭hey can just focus on the core work ahead of them.鈥�

Both leaders said the culture is rooted in listening, not perks.

鈥淚t鈥檚 not ping-pong and kombucha tap,鈥� Tappis said. 鈥淚t鈥檚 caring about them as people. Know who their family is, know what makes them tick.鈥�

NR Labs also embraces what they call an 鈥渙pt鈥慽n culture,鈥� where employees choose how much they want to stretch beyond their day鈥憈o鈥慸ay roles.

“Here are the stretch things you do if you want to achieve higher bonuses, higher compensation,” Gay said. “But it鈥檚 on you to make that decision.”

When NR Labs learned it had made the Top Workplaces list again, Tappis said the recognition meant even more because it came directly from employees.

鈥淚t鈥檚 incredibly honoring, humbling,鈥� he said. 鈥淭his is tangible evidence that it鈥檚 working.鈥�

On its website, NR Labs describes itself as a people鈥慸riven business, focused on hiring and empowering talented individuals. Making the Top Workplaces list two years in a row, in the same amount of time they鈥檝e been in business, suggests their employees agree.

Check out all the 杏吧原创 Top Workplaces coverage now!

Source

It adds up. The United States trades $1.9 trillion a year — $5 billion a day 鈥� worth of goods and services with its neighbors, Canada and Mexico. They have as America’s top two trading partners.

So the stakes are high when it comes to fiddling with the rules that govern trade between the three countries. And after a year of President Donald Trump鈥檚 chaotic tariff policies, many U.S., Canadian and Mexican businesses would welcome the return of stability across North America.

They are not likely to get it.

The regional trade pact — the U.S.-Mexico-Canada Agreement or USMCA — that about in his first term comes up for renewal Wednesday, a process that is likely to last months, maybe longer.

And the path forward is lined with landmines.

鈥淭here鈥檚 going to be a lot of drama this summer,鈥欌�� Diego Marroqu铆n Bitar, a fellow in the America鈥檚 program at the Center for Strategic and International Studies, said last week at a USMCA forum sponsored by the Cato Institute.

A bumpy road ahead for North American trade

The U.S. is making demands that could effectively force Canada and Mexico to surrender some automaking production to the United States. That might bring more auto factory jobs to the United States. But it would also upend established supply chains and would push up U.S. prices for new cars that now average nearly $50,000 at a time when American consumers are already furious about the high cost of living.

Trump, characteristically, has added to the tension by threatening to pull out of his own agreement altogether.

In 2020, the USMCA replaced the 1994 North American Free Trade Agreement, which tore down most trade barriers between the three North American countries.

Trump and other critics had called NAFTA a job killer because it encouraged U.S. companies to move factories south of the border to take advantage of low-wage Mexican labor, then ship goods back to the United States duty free.

His USMCA 鈥� though it pressured factories to pay higher wages and make sure that more of what they made originated in North America in an effort to prevent Chinese products from slipping across regional borders duty free.

North America trade deal comes up for renewal every six years

The USMCA included a novel provision requiring the pact to be renewed every six years. That deadline is Wednesday, but “nothing is going to happen July 1,” said Oscar Ocampo, director of economic development at the Mexican Institute for Competitiveness..

Negotiators could agree Wednesday to renew USMCA as it is for another 16 years. But that is considered highly unlikely. Instead, they are expected to keep working on ways to improve it; they have until 2036 to reach an agreement — or the pact expires.

Meantime, any USMCA country can pull out of the pact provided it gives its two partners six months鈥� notice 鈥� a red buzzer that Canada and Mexico, dependent on trade with the United States, fear Trump just might push.

Trump, after all, said in June that he was 鈥渘ot looking to renew鈥欌�� the trade pact with Canada and Mexico. “We don鈥檛 need anything that they have,鈥� he said.

Ocampo suspects that Trump doesn’t really want to drop the treaty; he just wants to use the uncertainty to keep pressure on Mexico over security and immigration issues.

Canada is out in the cold

The United States and Mexico have held talks on renewing the trade agreement. But Canada has so far been stuck on the sidelines.

Patrick Childress, a partner at the Holland & Knight law firm and a former U.S. trade negotiator, said: 鈥淭he danger for Canada is this: that the U.S. government and the Mexican government reach agreement on changes to core provisions of the treaty and then show up in Ottawa and say: 鈥楬ere鈥檚 what we鈥檝e agreed to. You can take it or leave it.鈥欌�欌��

Canadian Prime Minister Mark Carney said that the three trading partner plan to meet virtually on Wednesday, adding: 鈥淚鈥檓 not looking for my pen.鈥�

Carney later said in French his priority is to do an update to USMCA.

Pushing production to the United States

The U.S. wants a refreshened trade pact to do more to make sure that Chinese goods don鈥檛 get in through the back door. But the most contentious issue is a U.S. push to require that more products are made in North America 鈥� and specifically the United States.

USMCA included a requirement that automotive products 鈥� up from 62.5% under NAFTA 鈥� to qualify for duty-free treatment.

The U.S. wants to push the 75% threshold even higher but won鈥檛 be easy. Automakers already 鈥渉ave been finetuning their supply chains for years to be able to hit that 75% mark,鈥欌�� Childress said. They would need time to meet the higher standard.

The U.S. is also seeking a brand-new requirement: that 50% of cars be made in the United States, . Currently, none of the USMCA countries gets a guaranteed share of production. 鈥淚t鈥檚 a red line for both Mexico and Canada, and it goes against the spirit and the letter of regional integration,鈥� Ocampo said.

Marcos Carias, an economist at the credit insurer Coface, said only 1 in 5 Mexican and Canadian cars imported into the United States would currently meet the 50% standard.

Vehicle models likely to be hit with higher costs under the plan, he said, include Ford鈥檚 Maverick compact pickup truck, Chevrolet鈥檚 mid-size Equinox SUV and some Nissan sedans 鈥� all made in Mexico. Carias鈥� 鈥渂ack of the envelope鈥欌�� calculations suggest that prices could increase 5% – 7% on the most-effected models.

Businesses want stability

A lot of companies just want relief from Trump鈥檚 ever-changing tariffs. 鈥淢y interest in this USMCA renewal is just consistency, right?鈥欌�� said Shawn Miller, co-founder of PKGD Group, which imports agave spirits (tequila, mezcal, and raicilla) from family producers in Mexico. 鈥淚f the rules change, the rules change. But we鈥檇 really like to know (what they’re going to be) and we鈥檇 like them to stay that way for a while.鈥欌��

Business is booming for PKGD. Sales at the Holland, Michigan-based firm are up 62% so far this year after surging 100% in 2025 and 300% in 2024.

But last year was chaotic.

Trump hit Mexican and Canadian goods with a 25% import tax in February only to turn around a month later and . The USMCA allows the Mexican spirits into the United States duty free.

Amid the tumult, three truckloads of Mexican spirits imported by PKGD crossed the border into the United States and got hit with the 25% tariff. The cost came to $105,000.

Not knowing what tariffs Trump might conjure up next, PKGD huddled with its Mexican producers to figure out how to respond. 鈥淲hat can we absorb? What can they absorb?鈥欌�� Miller said.

Miller said he and his Mexican suppliers 鈥渁re not large multinational corporations with dedicated trade departments, teams of lawyers, or lobbyists focused on trade policy.”

____

AP Writers Maria Verza in Mexico City and Rob Gilles in Toronto contributed to this story.

Source

鈥淵eah, so the July 4 is basically the Super Bowl for boaters in D.C.,鈥� said Jack Maher, co-founder of Sea Suite Cruises.

Jack Maher, co-founder of Sea Suite Cruises, said the holiday typically brings huge crowds and major revenue for businesses operating on the water.

But this year, new restrictions are limiting access to core sections of the river where boats usually gather to watch the fireworks.

From 8 a.m. July 2 to 6 a.m. July 5, all waterways along the Potomac River from the Francis Scott Key Bridge to 200 yards south of the 14th Street Bridge will be closed. On July 4 from 6 p.m. to 11:59 p.m., waterways along the Anacostia River from the 11th Street Bridge to 200 yards south of the Frederick Douglass Memorial Bridge will also be closed.

Those closures cover some of the most popular on-the-water viewing areas for the fireworks, where hundreds of boats typically anchor each year.

鈥淲e decided we’re just gonna move our operation to Navy Yard for the weekend,鈥� Maher said.

Maher said his company relocated operations before the restrictions came out keep cruises running, and he is glad he did after learning some other operators were forced to cancel tours because they couldn鈥檛 find an alternate location to dock.

鈥淭heir Super Bowl got canceled, and that’s just really unfortunate,鈥� he said.

He said even with him acting early, the timing and changes have created major challenges.

鈥淭he whole thing, even with these different security zones, planning the logistics around moving the home base of our operation to a different location for the busiest weekend of the year is insane, and it’s frustrating,鈥� Maher said.

Maher said another complication is the timing of the fireworks display, which is expected to begin close to 11 p.m.

鈥淚’ve personally never really heard of a Fourth of July fireworks show that starts at 11 p.m.,鈥� Maher said.

For customers, that could mean fewer options to watch from the water, longer outings that cost boat operators more and last-minute changes to plans.

At Adventures Unbound, co-district manager Catherine Brenner said the expanded restrictions are also affecting multiple days of operations, not just the Fourth of July itself.

While their used to shutting down their Tidal Basin rental location on July 4, this year it and the Thompson Boat Center will be closed for two days, starting July 2nd. The company has been adjusting plans because of that, including moving its fourth of July Kayak event outside of the no-go zone.

鈥淲e have heard from some boaters and the coaches that have crew teams here that are upset about those, but sadly, we just lie within the boundaries,鈥� she said.

As they come up with alternatives, co-district manager Gabbi Muskett said they鈥檙e creating new experiences, including land-based ticketed event on the roof of Thompson Boat Center for the fireworks show.

“We’re rolling, we’re rolling with the punches here,鈥� she said.

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Officer Irving Rodriguez, spokesman for Vienna鈥檚 Police Department, said some kids are removing an e-bike鈥檚 speed limiter or, in some cases, turn it off completely. It鈥檚 something that can be easily researched on YouTube, he said, and parents often don’t know the modification has been made.

, which focus on keeping trails, parks, neighborhoods and streets safe, are the latest in a broader push to address e-bike trends across the D.C. region.

Loudoun County鈥檚 School Board has considered partnerships to address troubling e-bike trends near campuses, and the sheriff鈥檚 office there is hosting an e-bike safety class in July.

Haymarket, meanwhile, recently banned electric vehicles from the town鈥檚 sidewalks.

And during a Board of Supervisors meeting last week, Chairman Jeff McKay said Fairfax County police are proactively speaking to kids riding e-bikes in the community, even if they鈥檙e not doing anything wrong.

鈥淭hey do travel at an extremely high rate of speed,鈥� Rodriguez said. 鈥淭hey are known to be extremely quiet, and if you combine that with pedestrians on a sidewalk or on the street, or in a busy park, that could lead to somebody getting seriously injured.鈥�

Virginia classifies different types of e-bikes into categories based on their features. Class 1 e-bikes only have a pedal-assist function, with a maximum motor power of 750 watts. There鈥檚 no throttle, and the maximum assisted speed is 20 miles per hour.

Class 2 e-bikes have a maximum motor power of 750 watts, but may also feature a throttle.

Class 3 e-bikes have a pedal assist function and could travel up to 28 miles per hour.

Anyone riding a Class 3 e-bike has to be at least 14 years old and is required to wear a helmet. A driver鈥檚 license or plates aren鈥檛 required, but motors have to be 750 watts or less. Class 3 e-bikes aren鈥檛 allowed on the W&OD Trail.

Once someone tampers with the maximum speed of a bike, Rodriguez said it鈥檚 not considered an e-bike anymore. Vehicles that go faster than the Class 3 standard 鈥渁re classified as mopeds or motorcycles,鈥� according to Fairfax County Government.

鈥淧arents don鈥檛 know that the children are modifying these class 1, 2 or 3. e-bikes, and that鈥檚 the biggest issue we鈥檙e having at the moment,鈥� Rodriguez said.

Through Vienna鈥檚 campaign, police have cracked down on off-road vehicles, and as a result, there have been fewer of them around the town, Rodriguez said.

In some cases, 鈥渨e鈥檝e seen reckless driving, we鈥檝e seen stunts, we鈥檝e seen riders traveling at a high rate of speed, or sometimes juveniles not wearing helmets when they are required to,鈥� Rodriguez said.

Police in Vienna have been stopping e-bike riders, teaching them about the necessary safety equipment and Virginia traffic laws. They鈥檝e been contacting parents too.

They鈥檝e also identified some hotspots, including near the Vienna Community Center, or other areas near the W&OD trail. Some riders use the sidewalks, but Rodriguez said the e-bikes are mainly appearing on the roads.

If a rider is traveling faster than the posted speed limit, performing stunts or riding unsafely near people, they can be stopped and possibly receive a fine, Rodriguez said.

In one case, on June 17, Vienna police stopped a juvenile riding an electric dirt bike on the sidewalk without a helmet. An investigation revealed the e-bike didn鈥檛 meet Class 1, 2 or 3 criteria, and a guardian 鈥渞esponded, took custody of the juvenile and e-bike, and both were educated on e-bike regulations, off-road style electric dirt bikes, classification requirements, and helmet use,鈥� according to police documents.

Separately, Loudoun County School Board Member Deana Griffiths has been advocating for increased collaboration with the sheriff鈥檚 office and Board of Supervisors to crack down on e-bikes near schools.

In Fairfax, Supervisor Walter Alcorn feared there could soon be incidents involving e-bikes that result in 鈥渟erious injuries and worse.鈥�

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