President Trump’s sweeping tariffs on automobiles drew a sharp reaction on Thursday from Germany, which called on the European Union to hit back with a “firm response” to measures that would “harm the U.S. and the E.U., and global trade as a whole.” Mr. Trump announced on Wednesday that he would impose a 25 percent … Read more
Mexico deployed thousands of National Guard troops to the border to deter migrants from reaching the United States. South Korea said it would invest $21 billion in expanding U.S. manufacturing. Japanese officials descended on Washington, offering to invest $1 trillion in the United States and buy more American natural gas. None of that was enough … Read more
President Trump’s unexpected plan to impose a 25 percent tariff on cars and car parts being imported into the United States will not only disrupt supply chains. It will also fuel anger, alienation — and pressure to retaliate — among American allies across the globe. Many of the countries most affected by the new levies, … Read more
In recent weeks, Elon Musk has finally seemed to make some inroads in India, a potentially huge market whose government has frustrated him with its trade barriers. Tesla appears to be preparing another attempt to sell cars in the country, and Starlink, his satellite internet provider, signed partnerships with two Indian companies. At the same … Read more
President Trump said on Wednesday that he would impose a 25 percent tariff on cars and car parts that were imported into the United States, a move that could encourage U.S. auto production over the longer run but is likely to throw global supply chains into disarray and raise prices for Americans who buy an … Read more
Stocks slumped on Wednesday ahead of President Trump’s expected announcement of tariffs on auto imports, as investors braced for levies that could disrupt carmakers’ supply chains and raise costs for consumers. The S&P 500 was roughly 1.2 percent lower in afternoon trading, and the tech-heavy Nasdaq Composite was down 2.2 percent. The downturn reflected ongoing … Read more
President Trump will announce auto tariffs during a news conference on Wednesday afternoon, Karoline Leavitt, the White House press secretary, said during a briefing with reporters at the White House. Details of the tariffs remain unclear, including whether they will apply broadly to all imports of cars and car parts, or be more narrowly tailored. … Read more
In India’s most advanced cities, American companies are racing to set up more and bigger offshore campuses: fully staffed offices with high-skilled Indian professionals, performing functions vital to global business. The concentration is most stark in bits of Bengaluru. Apul Nahata of RapidAI, a Silicon Valley-based medical technology company that uses artificial intelligence to interpret … Read more
President Trump issued an executive order on Monday to crack down on countries that buy Venezuelan oil by imposing tariffs on the goods those nations send into the United States, claiming that Venezuela has “purposefully and deceitfully” sent criminals and murderers into America. In the order, the president said the government of Nicolás Maduro, the … Read more
President Trump said Monday that he would crack down on countries that bought Venezuela’s oil by imposing tariffs on goods those nations sent into the United States, claiming that Venezuela has “purposefully and deceitfully” sent criminals and murderers into America. In a post on Truth Social, the president said that any country that purchased oil … Read more