Tag: Economy
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Tesla delivered 1.64 million vehicles in 2025, a 9% decline from 2024, marking the company’s second consecutive year of falling sales. Chinese automaker BYD sold 2.26 million vehicles, surpassing Tesla to become the world’s largest electric vehicle manufacturer. In the fourth quarter, Tesla delivered 418,227 vehicles, below analysts’ expectation of about 440,000 units. Sales were…
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The United States has rolled back proposed steep duties on Italian pasta exports to the U.S., the U.S. Department of Commerce and Italy’s foreign ministry said Thursday, January 1. The Commerce Department has sharply reduced proposed antidumping duties on 13 Italian pasta producers, cutting rates from as high as 92% to between 2.26% and nearly…
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European dairy exports face provisional tariffs from China, which announced on Monday, December 22, duties of up to 42.7% on certain European dairy products following the conclusion of the first phase of an anti-subsidy investigation. The tariffs, effective Tuesday, December 23, cover milk and cheese products, including protected origin cheeses such as French roquefort and…
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European Union fisheries ministers reached an agreement on Saturday, December 13, on fishing quotas for 2026, averting a European Commission plan to impose stricter restrictions in the Mediterranean. Spain, which had opposed the Commission’s proposal to reduce trawler fishing days, welcomed the outcome. “We have concluded two intense days of discussion in Brussels. We have…
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The UK has signed a new trade agreement with South Korea designed to increase exports and support key industries including automotive manufacturing, food and drink, pharmaceuticals, and services. The deal replaces a post-Brexit arrangement introduced in 2019. Trade between the two countries is already worth more than £15bn a year. The UK government said the…
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Russian President Vladimir Putin and Indian Prime Minister Narendra Modi reaffirmed their strong bilateral ties on Friday, December 5, during the annual India-Russia summit in New Delhi, emphasizing the resilience of their partnership amid external pressure, particularly from the United States. The two leaders underscored Russia’s continued supply of oil to India, signaling defiance against…
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Leaders of the 21 Asia-Pacific Economic Cooperation (APEC) economies have adopted the 2025 APEC Leaders’ Gyeongju Declaration, committing to deepen digital cooperation, strengthen trade resilience and promote inclusive growth across the region. Hosted by the Republic of Korea under the theme “Building a Sustainable Tomorrow,” the summit took place from October 31 to November 1…
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President Trump on Tuesday unveiled a new trade framework with Japan, introducing a 15% tariff on Japanese imports and declaring the agreement a landmark achievement. “This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it,” Trump wrote on Truth Social. He also affirmed that the United States “will…
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A landmark trade agreement between the United States and Indonesia has been finalized, capping days of high-level negotiations and revising an earlier tariff threat. President Donald Trump announced Tuesday that a previously planned 32% tariff on imports from Indonesia will instead be lowered to 19% under the terms of the new deal. “They are going…
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President Donald Trump announced Saturday that the United States will impose 30% tariffs on imports from the European Union and Mexico, effective from August 1. The move targets two of America’s largest trade partners and signals a sharp escalation in Trump’s trade strategy during his second term. Trump made the announcement via letters posted on…
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