Powering Renewable Energy Opportunities (PREO) has awarded €4.26 million in grants to 22 clean tech companies across sub-Saharan Africa, the largest funding round to date on July 16.

• €4.26 million awarded, marking the sixth funding round
• Backed by UK aid and the IKEA Foundation, aims to boost renewable energy utilization
• Over 613 applications received, highlighting the growing interest in clean energy start-ups

The US has imposed a 17% tariff on most tomatoes imported from Mexico effective immediately, following the withdrawal from a long-standing agreement aimed at protecting US tomato growers.

• 70% of tomatoes consumed in the US are imported from Mexico, making this measure likely to raise prices at supermarkets and restaurants.
• Howard Lutnick, US Secretary of Commerce, stated that US farmers have been harmed by unfair trade practices.
• The Mexican government rejected dumping accusations and emphasized the quality of its tomatoes, asserting that it would be “impossible to substitute Mexican tomatoes.”

US President Donald Trump announced a new tariff deal with Indonesia, reducing tariffs on Indonesian goods entering the US to 19%.

• Indonesia will reportedly have "full access" for American firms in exchange for the reduced tariff.
• Trump stated that as part of the deal, Indonesia agreed to purchase $15bn in US energy, $4.5bn in agricultural products, and 50 Boeing jets.
• The agreement follows a series of recent tariffs imposed by the US, with further negotiations expected with other countries.