A Xiaomi store in Shanghai, China, on March 16, 2025.Qilai Shen/Bloomberg | Bloomberg | Getty ImagesChinese electric carmakers Xiaomi, Xpeng and Leapmotor each delivered nearly 30,000 or more cars in March, roughly twice several of their fellow startup competitors.It’s a sign of how some automakers are pulling ahead, while BYD remains the market leader by far.Xiaomi delivered a record number of electric vehicles in March, exceeding 29,000 units, the company announced on social media. That topped its prior run of delivering more than 20,000 vehicles in each of the past five months.The SU7, Xiaomi’s flagship model, was involved in a…
Author: usaeverydaylife
Prime Minister Benjamin Netanyahu of Israel on Thursday began a visit to Hungary, confident that Europe’s self-declared bastion of “illiberal democracy” would ignore an arrest warrant issued against him in November by the International Criminal Court.The visit is Mr. Netanyahu’s first to a country that has recognized the jurisdiction of the court, raising the possibility, at least in theory, that he could be arrested. He visited Washington to discuss the future of Gaza with President Trump in February but the United States, like Israel, has never recognized the international court.In Hungary, the government of Prime Minister Viktor Orban has made…
Brands and advertisers are seeking flexible terms as they face uncertainty about how President Donald Trump’s new tariffs will affect their businesses.The push for more lenient agreements, in which companies could pivot budgets quickly or shift their focus to different types of marketing as they react to the duties, has been the focus of conversations between media companies and advertisers in recent weeks, according to people close to the discussions.President Donald Trump announced he would put minimum 10% tariffs on all imports into the U.S., with far steeper duties on dozens of countries including China and Vietnam. The scarcity of…
A driver for an independent contractor to FedEx delivers packages on Cyber Monday in New York, U.S, on Monday, Nov. 27, 2023.Stephanie Keith | Bloomberg | Getty ImagesPresident Donald Trump on Wednesday signed an executive order shutting the de minimis trade loophole, effective May 2.Trump in February abruptly ended the de minimis trade exemption, which allows shipments worth less than $800 to enter the U.S. duty-free. The order overwhelmed U.S. Customs and Border Protection employees and caused the U.S. Postal Service to temporarily halt packages from China and Hong Kong. Within days of its announcement, Trump reversed course and delayed…
The Exchange Square Complex, which houses the Hong Kong Stock Exchange, on Feb. 26, 2025.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese companies are jumping at a window of opportunity to go public in Hong Kong as global investors start to return to the region, following the news of DeepSeek’s artificial intelligence breakthrough in late January.It’s a level of excitement that has not been felt for more than three years, despite the overhang of U.S. trade tensions. Initial public offerings are a lucrative way for early investors in startups to exit and reap a return.”Everyone is working so perfectly together.…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyCarlos Gutierrez, fmr. Commerce Secretary, joins ‘Fast Money’ to talk the economic impact of the recently announced reciprocal tariffs.06:286 hours ago Source link
BEIJING, CHINA – NOVEMBER 05: A view of China’s Ministry of Commerce (MOFCOM) on November 5, 2024 in Beijing, China. Visual China Group | Getty ImagesChina’s Ministry of Commerce said Thursday it would take “resolute counter-measures” against the sweeping U.S. tariffs announced by U.S. President Donald Trump and urged Washington to “immediately cancel” its unilateral tariff measures.”The U.S. has drawn the so-called ‘reciprocal tariffs’ based on subjective and unilateral assessments, which goes against international trade rules and seriously undermine the legitimate rights and interests of relevant parties,” a commerce ministry spokesperson said in a statement.The Chinese official described the Trump administration’s…
President Trump’s announcement of sweeping tariffs on America’s trading partners has widened the rift between the United States and some of its closest allies while reconfiguring the global economic order.Mr. Trump’s plan, which he unveiled on Wednesday and is calling “reciprocal,” would impose a wave of tariffs on dozens of countries. Among major economies most affected were the European Union, which will face 20 percent tariffs under the plan, and China, which will absorb an additional 34 percent on top of existing levies.“The scope and size of tariffs are both substantial and confirm the worst fears of the proponents of…
The ‘Fast Money’ traders react to Pres. Trump’s tariff announcement. Source link
As President Donald Trump announced wide-ranging “reciprocal tariffs” on more than 180 countries and territories, CNBC’s Jim Cramer said on Wednesday that the president cares more about punishing America’s trading partners than appeasing investors.By including U.S. allies in the tariff hit, Trump shows his willingness to “disrupt everything” in order to teach other countries a lesson, Cramer argued.”Ultimately, I think we’ve been looking at this president all wrong,” Cramer said. “This president turns out to be an equal-opportunity hater. He doesn’t care what these countries do. Ultimately, he thinks they can’t really hurt us. Why? Because they don’t buy much…
