President Trump is slapping 25% tariffs on all cars imported to the United States, including from our immediate North American neighbors. He’s also placed a 25% tariff on certain parts used to build cars. It’s a decision that will likely supercharge the cost of new and used cars, but it’s also a gift to Tesla, the company run by Elon Musk, his biggest financial supporter in the presidential election. The new tariff regime comes at an auspicious time for Tesla. The company is dealing with the fallout of Musk’s promotion of far-right ideology and his involvement with the unpopular Department of Government Efficiency, which has sparked protests around the world. Tesla has recently relied on promotions and price cuts to boost sales, and yet it still sold fewer EVs in 2024 than it did in 2023 and is off to a rough start in 2025. Read more on Trump’s auto tariffs at the link in the bio 👆 Article by Sean O'Kane Image Credits: Abin Botsford / The Washington Post / Getty Images #TechCrunch #technews #Trump #ElonMusk #government #policy #tariffs

Living large until tariffs crash your micro-bag!

President Trump announced that most Americans will receive “at least” $2,000 from the tariff revenue collected by the Trump administration. Trump’s statement, made on his Truth Social platform, comes after the White House defended his sweeping use of tariffs before the Supreme Court, where the justices appeared skeptical of the president’s broad use of the International Emergency Economic Powers Act. While this proposal would likely need to be passed by Congress, Trump has not specified who would qualify for the dividend, although he said “everyone,” except “high-income people,” would be paid at least $2,000 in the form of a dividend. (The Hill) - #history #news #photography #explore #politics #trending

This morning, President Trump said on Truth Social that most Americans will get a “tariff dividend” of at least $2,000, with high-income earners excluded. Treasury data show customs duties reached about $215 billion in fiscal 2025, which he points to as the funding source. Details like income cutoffs, timing, and how payments would be delivered haven’t been released. If it moves forward, the plan would route trade taxes back to households, putting a direct dollar sign on tariff policy. #Economy #Tariffs #Policy #Taxes #Wealth

Last week, US President Donald Trump demanded that his European allies impose a 100% tariff against China and India for importing oil from Russia. He apparently promised the European envoy that he would match Europe and impose similar tariffs against both countries. Trump has accused China and India of funding the war in Ukraine by importing oil from Russia. This was confirmed by US Treasury Secretary Scott Bessent on Monday in an interview with Reuters. He claimed that his country will not impose more tariffs on China and India over Russian oil imports until the Europeans do it. In response, China reiterated that no amount of external pressure or coercion will make it compromise its “sovereignty, security and development interests” and warned that if its “legitimate rights and interests are harmed” in any way it will “resolutely take countermeasures to safeguard” them. 📲 Read the full article on our website.

The Department of Telecommunications has sought an explanation from telecom majors Jio and Airtel on discontinuing the entry-level 1GB mobile data plans, as per a Mint report, noting that the move comes amid affordability concerns after the two biggest telecom operators withdrew their cheapest data plans and hiked tariffs. #Techinformer #Jio #Trai #Airtel

US corporate bankruptcies surged again in June, setting 2025 on pace for the busiest year of filings since 2010. S&P Global recorded 63 new filings in June (down slightly from 64 in May), bringing the total to 371 for the first half of the year the highest H1 figure in more than a decade. Rising debt levels, tighter corporate liquidity, a cooling job market, sticky inflation, and tariffs are all putting pressure on balance sheets. With the Fed holding rates steady through the summer, the squeeze is real. But beyond the headlines of large corporations, small and medium-sized businesses face the toughest challenges. They are the backbone of most economies, providing the majority of jobs and sustaining local communities, yet they are often most vulnerable in times like these. Supporting them is vitally important. Buying locally and backing family-run businesses isn’t just a feel-good move — it strengthens the foundation of our economies when resilience matters most. If you can please buy locally and support small businesses 🤝♥️🙏 #USEconomy #Bankruptcy #Markets #CorporateFinance #EconomicResilience #SmallBusinessSupport #smallbuisness #business #SupportLocal #SMEs #Inflation #InterestRates #Financial

🚨Rahul Gandhi tweets after Trump imposed additional 25% tariffs on India

The EU has announced a trade deal with the US involving high tariffs and major investments into the US economy, without securing anything in return. 📲 Read the full article on our website.

In this article, we review the different tariffs that will be applied to Latin American countries and the reasons behind their variation. 📲 Read the full article on our website.