The Government will contribute at least 670 million to avoid a gap in the electrical system
The Spanish government plans to inject at least 670 million euros to sustain the electrical system amid significant tariff cuts for large industries.
Government to initiate new round of import tariff cuts after requests from companies, says MDIC secretary
Brazil's government will implement a new reduction in import tariffs to zero for a limited time following requests from companies, as confirmed by the secretary of the Ministry of Development, Industry, Commerce, and Services.
The tariff war takes its toll on the Volkswagen group and its profit falls by almost half
Volkswagen reported a nearly 44% decline in profits due to tariff impacts, competition from countries like China, and internal challenges, alongside announcing plans to cut 50,000 jobs by 2030.
ECB Study: Interest Rate Cuts Could Mitigate Tariff Effects
A study by the European Central Bank suggests that reducing interest rates could counterbalance the economic impact of U.S. tariffs imposed on European exports.
Relief for Kanpur's Leather Industry from US Tariff Cuts, See
The decision by the United States to reduce tariffs has brought significant relief to Kanpur's leather industry, reviving idle factories and prompting the return of former workers, leading to an expected boost in production.
Piyush Goyal's Statement on India-US Trade Deal
Piyush Goyal stated that the India-US trade agreement could be signed in 4-5 days, assuring that the agriculture-dairy sector is secured, and that expectations have increased due to tariff cuts.