The EV maker also opened its first showroom in Mumbai on Tuesday. Tesla has launched its Model Y in India for about $70,000, a significant markup relative to its other major markets, reflecting the country’s high tariffs on electric vehicle imports, which CEO Elon Musk has long criticised. The electric carmaker announced the price on…
China’s GDP grew 1.1 percent from April to June despite US tariffs, official data shows. China’s economy grew by more than 5 percent in the second quarter, according to official data, staying on track to meet Beijing’s annual growth target despite United States President Donald Trump’s trade war. China’s gross domestic product (GDP) expanded by 1.1…
EU’s von der Leyen says bloc will safeguard its interests, ‘including the adoption of proportionate countermeasures’. United States President Donald Trump has imposed a 30-percent tariff on imports from Mexico and the European Union starting on August 1, weeks after negotiations with the major trading partners failed to reach a more comprehensive trade deal. Trump…
United States President Donald Trump has announced that he will raise import tariffs on most Canadian goods to 35 percent, even though Canada has agreed to rescind its planned digital services tax as the US demanded. This comes as Trump sends “tariff letters” to a host of countries this week, notifying them of planned US…
‘Positive trend’ in US-Russia ties remains despite Washington’s ‘zigzag’ policy, Moscow says. Russian Foreign Minister Sergey Lavrov and United States Secretary of State Marco Rubio have met again at the ASEAN foreign ministers’ meeting in Malaysia’s Kuala Lumpur, according to Russia’s state-run TASS agency, with the war in Ukraine the key focus. The conversation followed…
United States President Donald Trump has threatened Brazil with a 50 percent tariff, citing the criminal charges against its former president and his political ally Jair Bolsonaro, who is accused of plotting a coup. In a letter to Luiz Inacio Lula da Silva, Brazil’s current president, Trump said on Wednesday that the treatment of Bolsonaro, who…
Delta Air Lines (DAL), the world’s largest carrier by revenue, reported upbeat second quarter results and reinstated its guidance as growing economic clarity deflects headwinds resulting from the global trade war. For the quarter, Delta posted adjusted revenue of $15.5 billion against estimates for $15.54 billion, per Bloomberg consensus, and up 1% compared to a…
China has agreed to sign a Southeast Asian treaty banning nuclear weapons, Malaysia’s and China’s foreign ministers confirmed, in a move that seeks to shield the area from rising global security tensions amid the threat of imminent United States tariffs. The pledge from Beijing was welcomed as diplomats on Thursday gathered for the Association of…
United States President Donald Trump is set to impose 25 percent tariffs on two key US allies, Japan and South Korea, beginning on August 1 as the administration’s self-imposed deadline for trade agreements of July 9 nears without a deal in place. On Monday, the Trump administration said this in the first of 12 letters…
Shortly after President Trump threatened to impose an extra 10 per cent tariff on countries aligning themselves with the “anti-American policies” of the Brics, China on Monday said that the bloc is not seeking “confrontation” read more Shortly after President Donald Trump threatened to impose an extra 10 per cent tariff on countries aligning themselves…