Porsche Is No Longer a ‘Premium’ Sports Car in China
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Porsche Is No Longer a ‘Premium’ Sports Car in China

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines After decades of dominating China’s market for high-performance cars with precision engineering, German automakers are losing out to Chinese rivals that have shifted the definition of a high-end car to one that is electric, smart and affordable. Many new Chinese vehicles resemble their…

What to Know About VAT, the Tax System Used in Europe That Trump Despises
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What to Know About VAT, the Tax System Used in Europe That Trump Despises

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines President Trump on Thursday ordered his advisers to determine new tariff rates on America’s trading partners, a move that he said would “correct longstanding imbalances in international trade.” As part of his plan, Mr. Trump has taken aim at the value-added tax, a…

Where China’s Exports Begin: Inside the Vast Markets of Guangzhou
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Where China’s Exports Begin: Inside the Vast Markets of Guangzhou

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Rows of white concrete buildings near the Pearl River in southern China house one of the world’s fastest-growing industries: Gritty workshops are churning out inexpensive clothing that is exported straight to homes and small businesses around the world. No tariffs are paid, and…

Trump and Modi Shove Disputes Into Background in White House Visit
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Trump and Modi Shove Disputes Into Background in White House Visit

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Hours after President Trump paved the way for upending the United States’ trade relationship with India with broad “reciprocal” tariffs, he and Prime Minister Narendra Modi presented a united front during a news conference on Thursday at the White House. Mr. Modi became…

Opinion | Chrystia Freeland on the U.S. Tariffs on Canadian Steel and Aluminum
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Opinion | Chrystia Freeland on the U.S. Tariffs on Canadian Steel and Aluminum

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines A 25 percent tariff on Canadian aluminum is an act of self-harm — economic self-mutilation — by the United States. President Trump’s announcement on Monday that he was raising tariffs on all imports of steel and aluminum to 25 percent was all too…

Steel and Aluminum Tariffs May Raise US Manufacturing Costs
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Steel and Aluminum Tariffs May Raise US Manufacturing Costs

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines America has seen this movie before: President Trump, who imposed stiff tariffs on Monday on imported steel and aluminum, did so once before, in 2018. So domestic industries have a pretty good idea of how the story ends. Manufacturers of trucks, appliances and…

Trump’s Tariffs on Steel and Aluminum Re-Up Contentious First-Term Policies
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Trump’s Tariffs on Steel and Aluminum Re-Up Contentious First-Term Policies

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines President Trump is poised to move forward with sweeping tariffs on foreign steel and aluminum on Monday, re-upping a policy from his first term that pleased domestic metal makers, but hurt other American industries and ignited trade wars with allies on multiple fronts….

Behind Closed Doors, Trudeau Says Trump Threat to Take Over Canada Is Real
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Behind Closed Doors, Trudeau Says Trump Threat to Take Over Canada Is Real

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Prime Minister Justin Trudeau of Canada on Friday made his first comments in response to President Trump’s repeated statements that he wants to annex Canada and make it the 51st state. Mr. Trudeau made clear that he did not regard Mr. Trump’s statements…

Trump, the Panama Canal and China’s Role: What We Know
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Trump, the Panama Canal and China’s Role: What We Know

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines President Trump’s claim that China controls the Panama Canal has placed a Hong Kong tycoon and his conglomerate at the heart of a showdown between the United States and China. That sprawling company, CK Hutchison Holdings, is one of Hong Kong’s most valuable…