Trump signs order boosting US components in products

President Donald Trump is requiring products “Made in America” to be made using more American components if they are to be used by the government.

Trump says Americanmade products used for government projects currently can contain 50 percent foreign components and still be considered American. He signed an executive order Monday boosting the percentage of American components to 75 percent.

The president signed the order during an annual White House “Made in America” showcase. Manufacturers from all 50 states were represented.

Trump also discussed steps the administration is taking to boost the U.S. manufacturing industry. The trade deficit last year widened to a decade-long high of $621 billion.

Study finds baby food has too much sugar

Baby food often contains too much sugar and is incorrectly advertised as suitable for infants under 6 months of age, according to a World Health Organization report.

At least half of products analyzed in three of four cities provided more than 30% of their calories from sugars, according to the study. About a third of them listed sugar, concentrated fruit juice or other sweeteners as an ingredient.

That raises the risk for obesity and diabetes later because it can wire young children to a lifelong preference for sweet foods. The WHO recommends babies be exclusively breastfed for the first six months of their lives, advice the world’s biggest baby-food makers echo.

Citigroup’s 2Q profits climb 7% from year ago

Citigroup said its second quarter profits rose by 7% from a year ago, helped by higher interest rates, a lower tax rate and a strong economy.

Citigroup is the first of the big Wall Street banks to report results this week. All the major banks are expected to report higher profit from a year ago, but investors are expected to focus on each of the bank’s outlook, especially with the global economy slowing down and the Federal Reserve considering lowering interest rates.

Citi said it earned a profit of $4.8 billion, or $1.95 a share. That’s up from $4.49 billion, or $1.63 per share, in the same period a year earlier. That’s better than the $1.81 per share that analysts were forecasting.

Meijer, Target offer discounts to teachers

As educators gear up for back-to-school season, Meijer and Target are among retailers offering discounts to teachers.

Meijer is offering a 15% discount on classroom essentials to teachers across the Midwest. The discount applies to all Meijer stores and extends through Sept. 28.

Target is offering a nationwide 15% discount on key school supplies and more through July 20. Teachers can sign up at Target.com/teacherprep to get their coupon code.