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Trump says new agreement with EU will boost beef exports

WASHINGTON | President Donald Trump celebrated a new agreement Friday that is projected to increase beef exports to the European Union by more than $270 million a year once it is fully in place.

Trump portrayed the agreement as standing up for farmers and ranchers. Producers have been hurt by retaliatory tariffs that China imposed after Trump imposed 25% tariffs on $250 billion in Chinese products.

The signing of the agreement comes the day after Trump increased pressure on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn’t already taxed.

“Opening markets for our farmers is about more than just an industry. It’s about a way of life,” Trump said at the White House before the U.S. trade representative and an EU official signed the agreement.

Amazon: New renewable energy projects in Virginia, Ireland

ROANOKE, Va. | Amazon has announced two new renewable energy projects, including a solar farm in a Virginia county and a new wind farm planned in Cork, Ireland

A news release posted on the company’s website on Thursday said the solar farm proposed for Pittsylvania County is projected to begin producing energy sometime in 2020. It said it will produce 45 megawatts of renewable energy capacity. The online shopping giant says the energy would be used to power the company’s Amazon Web Services datacenters.

The news release didn’t give the exact location of the solar farm.

FedEx to invest additional $450 million to modernize hub

MEMPHIS, Tenn. | FedEx Corp. is investing an additional $450 million to improve operations at its busy hub in Memphis, Tennessee.

The shipping giant’s announcement Friday at Memphis International Airport increases its investment toward modernizing its Memphis hub to about $1.5 billion.

The company announced in March 2018 a $1.1 billion plan to build a sorting facility, install new systems and construct a new bulk truckload building to support internet commerce needs. FedEx has said the investment will help improve its efficiency and reliability as it delivers packages throughout the world.

Officials said the modernization is expected to be completed by 2025. The Memphis hub currently has 11,000 employees, and more jobs are expected to be added.

— From AP reports