Thursday, July 10, 2025

Creating liberating content

Bitcoin climbed to new all-time high on Thursday, building on

X Corp’s CEO Linda Yaccarino looks on during the Senate

Content creator Rachel D’Cruz transformed an Indian sofa cover into

Related News

Bitcoin climbed to new all-time high on Thursday, building on its previous record reached just a day earlier, as investors jumped into risk assets and liquidated short positions. The price

X Corp’s CEO Linda Yaccarino looks on during the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. Nathan Howard

Content creator Rachel D’Cruz transformed an Indian sofa cover into a stunning backless dress, showcasing creativity and patience. The DIY project, initially estimated to take 30 minutes, evolved into a

The average long-term mortgage rate in the US edged higher this week, ending a five-week streak of easing borrowing costs that had offered some relief to prospective homebuyers.According to mortgage

Omar Marques | Lightrocket | Getty Images Microsoft‘s Outlook email service malfunctioned for several hours Wednesday and Thursday, prompting some people to post on social media about the inability to

RBI Governor Sanjay Malhotra on Thursday briefed the Parliamentary Standing Committee on Finance on the state of the Indian economy, assuring lawmakers that the country was performing well despite global

Trending News

Investor confidence in India’s unlisted securities market has taken a hit after HDB Financial Services’ Initial Public Offering was priced significantly below grey market expectations. The impact has rippled across

The rupee ended 3 paise higher at 85.70 against the US dollar on Thursday, supported by optimism over a possible US-India trade deal, even as equity markets closed in the

US stocks started on a cautious note Thursday despite a surge in airline shares led by Delta Air Lines, which posted strong quarterly results and raised its outlook for the

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old US cereal company WK Kellogg in a deal valued at approximately $3.1 billion. The Ferrero Group

Unemployment benefit claims in the United States dipped last week,falling to a historically healthy range over the past couple years. These figures offer another sign of strength in the country’s

Companies that rank highest on diversity are delivering a clear financial edge, with a new study showing that inclusive firms recorded nearly 50% more profit after tax (PAT) than their

Musk’s Tesla Warns Trump Administration That Retaliatory Tariffs Could Harm It

Word Count: 408 | Estimated Reading Time: 3 minutes




Washington:

Elon Musk’s Tesla has seen major drops around the globe and a significant $120 billion drop in net worth since his foray into politics. But much more awaits him and the EV sector. President Donald Trump’s tariffs are set to make an impact in the EV sector as well, so warns Tesla.

In an unsigned letter to Jamieson Greer, the US trade representative, Tesla has said that although it “supports fair trade”, the US administration should ensure that it did not “inadvertently harm US companies”.

Trump has imposed tariffs that will impact vehicles and parts made around the world. 

Tesla said in the letter: “As a US manufacturer and exporter, Tesla encourages the Office of the United States Trade Representative (USTR) to consider the downstream impacts of certain proposed actions taken to address unfair trade practices.”

“US exporters are inherently exposed to disproportionate impacts when other countries respond to US trade actions. The assessment undertaken by USTR of potential actions to rectify unfair trade should also take into account exports from the United States”, Tesla said.

“For example, past trade actions by the United States have resulted in immediate reactions by the targeted countries, including increased tariffs on electric vehicles imported into those countries.”

In Germany where Musk is supporting a far-right political party, sales fell almost 70% compared to January last year. Per Time magazine, Tesla sold 7,517 vehicles in Europe in January, half of what it sold in January the year prior. Tesla saw a 50% drop in sales in Portugal and 45% in France according to Reuters, while sales fell 42% in Sweden and 48% in Norway.

Trump also said on Truth Social this week “Radical Left Lunatics, as they often do, are trying to illegally and collusively boycott Tesla.”

On Tuesday, Trump bought a brand new red Tesla with the company’s CEO by his side. “Wow, that’s beautiful,” Trump said as he eased his way into the driver’s seat of a Model X.

Recently anti-DOGE protesters gathered near Tesla stores to protest against his push to cut government funding with many holding banners that said, “Elon must go away” and “honk if Elon Musk should be fired”.

“As USTR continues to evaluate possible trade actions to rectify unfair trade practices, consideration should also be given to the timeline of implementation. US companies will benefit from a phased approach that enables them to prepare accordingly and ensure appropriate supply chain and compliance measures are taken”, Tesla said.
 




Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account