Tesla is preparing to resume shipments of key components from China to the United States later this month for the production of its upcoming Cybercab and Semi truck models, according to a source with direct knowledge of the matter. The decision comes on the heels of a U.S.-China agreement to ease trade tensions, marking a…
On Sunday, Prime Minister Narendra Modi stated that the “perpetrators and conspirators” of the Pahalgam attack would face “the harshest response.” Pakistan is seeking the involvement of Russia and China in investigating the recent terror attack in Pahalgam, reported PTI. On Tuesday, terrorists opened fire in Pahalgam, Jammu and Kashmir, killing 26 people, mostly tourists,…
Relief May Help Automakers Shift Production President Donald Trump said Monday he’s considering temporary exemptions from 25% tariffs on the auto industry. The move aims to give carmakers more time to shift production back to the U.S. Speaking from the Oval Office, Trump said companies moving away from foreign-made parts — especially from Canada and…
Tensions between the U.S. and China intensified further after Beijing announced additional countermeasures against Washington, following the White House’s clarification that tariffs on Chinese imports would rise to 145%, not the previously stated 125%. The correction, which factored in earlier announced duties, triggered a sharper decline in U.S. stock markets. Previously, former President Donald Trump…
China’s National Film Administration says US movies will be less popular after Washington imposed a 145 percent tariff on Chinese imports China has moved to “moderately reduce” the release of Hollywood films in the Chinese market in the latest front of the growing United States-China trade war. China’s National Film Administration directly linked their decision on…
Sure! Here’s a polished and rewritten version of the passage: The European Union has announced a 90-day delay in implementing its initial countermeasures against U.S. tariffs, signaling a potential thaw in global trade tensions. A senior Trump administration official stated Thursday that “serious” trade proposals from other countries are now emerging, suggesting the trade war…
President Donald Trump announced Wednesday a 90-day suspension of certain targeted tariffs for all countries except China, which will now face a sharply increased tariff of 125%. The move marks the latest escalation in a trade saga that has shaken global financial markets for over a week. The blanket 10% U.S. tariffs on nearly all…
China’s top leadership is set to convene a high-level meeting as early as Wednesday to discuss urgent measures aimed at boosting the domestic economy and stabilizing capital markets, according to sources familiar with the matter. The gathering comes in response to intensifying trade tensions with the United States. The planned meeting follows the U.S. decision…
Oil prices dropped sharply on Monday during a volatile trading session, as President Trump threatened to impose additional tariffs on China—rattling markets and dragging down stocks. West Texas Intermediate (CL=F) futures briefly dipped below $60 per barrel for the first time since 2021, before recovering slightly to close at $60.70. Brent crude (BZ=F), the global…
