Business

Why It Happened Despite ongoing global trade disruptions and a 25% U.S. import tariff on foreign EVs, global electric vehicle (EV) and plug-in hybrid (PHEV) sales rose 29% year-over-year in April, according to data from Rho Motion. The surge was largely driven by strong consumer demand in China and Europe, where government incentives and regulatory […]

Why It Happened New car prices in the U.S. shot up in April due to the impact of 25% tariffs imposed on vehicle imports by the Trump administration. These tariffs apply to several key trading partners, including Mexico and Canada, which supply a significant share of vehicles and parts to the U.S. market. Though many

Source: Reuters What happened?A number of third-party sellers on Amazon are scaling back or skipping Prime Day 2025 entirely due to the impact of steep U.S. tariffs on Chinese goods, according to several merchants and consultants. Why it matters:This shift could result in fewer discounted items during Amazon’s major sales event, potentially affecting Prime Day’s

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Source: New York Post : Trade War  What’s happening? Why it matters:  Broader impact: Emerging economies caught between the two giants may also suffer collateral damage as global demand and investment flows decline. Read More : China Warns Countries: “Don’t Side with US in Trade Deals