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Concerns grow as new tariffs threaten to drive up daily cost of living for Americans

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      Concerns grow as new tariffs threaten to drive up daily cost of living for Americans

      2025-04-09 22:19 Last Updated At:04-10 02:27

      Americans are bracing for higher prices on everyday goods following the U.S. government's decision to impose sweeping tariffs on imports, with fears mounting that the added costs will strain household budgets in the coming months.

      The move has sparked widespread unease among consumers, particularly low- and middle-income workers, who worry that imported staples, from groceries to household items, will soon become significantly more expensive.

      "Basically, eggs, simple things like eggs, simple things like mangoes, pineapples, things that we get imported is going to be more expensive for us. So me, like a low-class working citizen, it's going to be 15 dollars for some eggs. That's more than a trip to work back and forth three days, you know what I mean? It's horrible, it's horrible for us," said Jerome Wilkins, a security guard.

      Amelia Guilford, a retail worker, echoed his concerns, noting that the U.S. depends heavily on foreign goods.

      "I believe that everything is going to go up because, at the end of the day, America consists of outside. So we can't stop what's coming in and increase. People don't understand in America that we don't make anything here. Everything is imported," she said.

      Jose Pena, a janitor, highlighted the uneven impact of rising costs.

      "There [are] two different types of people. People who got money, they could do that. But not a lot of people can afford to go or spend an extra 1,000 dollars or 500 dollars on food. So it's not everybody that could do that," he said.

      Lois Adams, a nurse, pointed out that some daily essentials simply cannot be sourced domestically.

      "There are things in America that we use on the daily, that we consume on the daily, like coffee, that you cannot grow here. We don't have the actual climate. You can't create an eco-climate to buy coffee," she said.

      Beyond immediate price increases, some fear the tariffs could disrupt global trade. Sara Pears, a teacher, warned, "I think it's just going to make everything way more expensive and slow down growth, global trade."

      Retiree Loretta Brown lamented the steady rise in the cost of living, saying "I mean, everything is going up, nothing is going down. The only thing that's going down is the money."

      Pamela Levitt, currently unemployed, criticized the policy's wider implications.

      "It affects everything. It trickles down to everything and it makes all of our costs go up. And it's not fair to the other countries either," she said.

      Concerns grow as new tariffs threaten to drive up daily cost of living for Americans

      Concerns grow as new tariffs threaten to drive up daily cost of living for Americans

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      Web Summit Rio concludes with record-high attendence

      2025-05-02 18:34 Last Updated At:19:17

      ⁠⁠⁠⁠⁠⁠⁠Web Summit Rio, Latin American franchise of global tech and innovation, wrapped up Wednesday in Rio de Janeiro, Brazil, breaking attendance records for the third consecutive year.

      The event brought together thousands of attendees looking to connect, learn and stay ahead with the latest digital technology advances and innovations since its launch in 2023.

      This year's four-day edition brought a record of nearly 35,000 attendees from over 100 countries and regions, along with about 1,400 startups and over 600 investors.

      Artur Pereira, the summit's manager, credits the jump in attendance to the 106 million U.S. dollars in investment for the top 40 startups raised in 2024, about 2.3 million dollars each.

      “Startups know that [if] they want to get funded, [if] they want to do business, [if] they want to meet the biggest tech companies in the world, they [need to] come to Web Summit,” Pereira said.

      Embraer, a global aerospace company headquartered in Brazil and one of the summit's main exhibitors and investors, held what it called a "startup marathon" in its search for partnerships. With a strong global market presence in commercial, executive, and defense aviation, the company also used the event to highlight how innovation remains central to its growth strategy.

      "If we don't apply Artificial Intelligence, if we don't apply new technology to our products, if we don't offer these things to clients who are seeking certain profit margins, we lose our competitivity. So, innovation is not a choice. It is a necessity, and it has always been that way with Embraer,” said Leonardo Garnica, head of corporate innovation of Embraer.

      While serious networking and deal-making were the main focus of the summit, there were also lighter sides to the event, for example, a digital rainforest experience, or stepping on the gas in a virtual 3D formula-one driver experience offered by racing giant McLaren.

      The event has been extended in the same venue for another five years, until 2030.

      Web Summit Rio concludes with record-high attendence

      Web Summit Rio concludes with record-high attendence

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