US Tariff on Brazilian Imports Sparks Surge in Coffee Prices
The impending 50% tariff imposed by the United States on Brazilian imports is already pushing up the price of coffee
Hunter Biden, the son of US President Joe Biden, pleaded guilty to all nine charges in his federal tax case on Thursday, with District Judge Mark Scarsi in Los Angeles accepting his plea, CNN reported. The sentencing is scheduled for December 16, which is notably after the November presidential election.
Biden’s guilty plea includes one count of felony tax evasion, two counts of felony filing fraudulent tax returns, four misdemeanor counts of failing to pay taxes, and two misdemeanor counts of failing to file tax returns. This plea came after a day-long hearing that was supposed to start with jury selection for his trial.
Earlier in the day, Hunter Biden had considered an "Alford plea," which would have allowed him to maintain his innocence while accepting punishment. However, this option was abandoned after strong objections from prosecutors and the judge’s request for further review. Instead, Biden opted for an "open plea," a rare move for a high-profile defendant, where he admitted to the charges without any pre-arranged deal with prosecutors.
During the plea proceedings, Biden confirmed under oath that he was not promised any leniency or pressured into pleading guilty. Prosecutors read through a 56-page indictment over nearly 90 minutes, and Biden acknowledged his responsibility for the tax offenses.
The resolution of this case comes just before what would have been Biden's second criminal trial this year. He was previously convicted in June on three federal gun charges in Wilmington, Delaware. Prosecutors alleged that Biden failed to pay 1.4 million dollars in federal taxes and evaded taxes through fraudulent business deductions. Following the investigation and after achieving sobriety, Biden paid approximately 2 million dollars in back taxes and penalties.
The impending 50% tariff imposed by the United States on Brazilian imports is already pushing up the price of coffee
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