Trump wants India to lower tariffs on autos, but do Harley and Tesla really need them?
Thursday, 6 March 2025 () US companies Harley-Davidson and Tesla, despite President Trump's push for lower Indian import duties, prefer manufacturing outside the US. Harley imports its bikes from Thailand, and Tesla will ship its cars from Germany due to locational advantages and economies of scale. India's recent customs duty cuts are unlikely to change these import strategies.
U.S. President Donald Trump addressed Congress for the first time since beginning his second term, following major policy shifts on tariffs, immigration, Ukraine, and federal layoffs. He imposed new tariffs on China, Canada, and Mexico, escalating trade tensions. In a sharp departure from his...
Massive protests erupted across the United States as demonstrators rallied in support of Ukraine and voiced strong opposition to Donald Trump’s stance on the war. From Times Square to Los Angeles and Boston, crowds waved Ukrainian flags and chanted against Trump following his heated clash with Zelensky at the White House. Protesters stormed Tesla dealerships, SpaceX headquarters, and even confronted U.S. officials. Is America shifting its stance on Ukraine? What does this mean for the 2024 elections? Let us know your thoughts in the comments!
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Tesla Eyes India: Tesla is ramping up its India expansion with plans for showrooms in Mumbai and New Delhi, along with a new recruitment drive. But former U.S. President Donald Trump has called Tesla's potential factory in India "unfair" to the United States, criticizing the country’s 100% import tariffs on electric vehicles. Elon Musk has long argued that these high duties block Tesla's entry into the world's third-largest car market, where domestic automakers like Tata Motors dominate. Will Tesla finally break into India, or will tariffs and political tensions keep Musk’s ambitions in check?
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The European Union is gearing up for a fierce trade battle after former U.S. President Donald Trump announced a sweeping 25% tariff on all steel and aluminum imports. French Finance Minister Jean-Noël Barrot issued a stark warning, declaring that the EU will take reciprocal measures and will not hesitate to defend its economic interests. Barrot recalled that when Trump imposed similar tariffs in 2018, the EU swiftly retaliated—targeting iconic American exports such as Harley-Davidson motorcycles, Levi’s jeans, and bourbon. With tensions escalating, Brussels is now preparing countermeasures, potentially igniting a fresh transatlantic trade war. Will the EU’s response deter Trump, or is the world on the brink of another economic showdown? Stay tuned for updates on this high-stakes trade conflict.
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How can the EU unlock up to €800bn for its ‘rearmament plan’?
The EU Commission has unveiled plans to borrow €150 billion to fund a major rearmament push. This joint borrowing proposal comes in the form of loans rather than grants—an idea largely rejected by so-called 'frugal' countries such as Germany and the Netherlands.
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