Trump says Mexico, EU to face 30% tariff from August 1
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Arabiya
21 minutes ago
- Al Arabiya
‘I LIKE the infighting': Will Elon Musk's America Party shake up US politics?
Have the Democrats become too 'woke'? Are the Republicans skewing too isolationist? Is there really a swathe of middle-spectrum American voters just waiting for a new political party to solve all their woes? Elon Musk thinks so. When most friendships break down, it usually results in some hurt feelings, a blocked phone number, and an unfollow on social media. When Elon Musk's friendship with the president broke down, he decided to dismantle the foundations of the US political system. The South African Tesla boss has vowed to give Americans "independence from the two-party system." He says his America Party will give voters back their freedom. Not surprisingly, his former BFF isn't happy. Trump responded by saying a third party just doesn't work in the US political system. And he's right. The two-party system — Democrats versus Republicans — has been in place since 1854. There has been a smattering of minor parties which, in the past, have contested an election or two… but they've never achieved longevity or real influence. Musk believes there's a vast, untapped middle ground of American voters — disaffected Republicans and Democrats — who currently feel unrepresented. Is he right? In this CounterPoints debate, we'll ask: Would a third party be a good thing for American politics?
Al Arabiya
35 minutes ago
- Al Arabiya
Russia's Medvedev dismisses Trump's ‘theatrical ultimatum' on sanctions
Former Russian President Dmitry Medvedev said on Tuesday that Moscow 'didn't care' about what he described as the 'theatrical ultimatum' US President Donald Trump issued to the Kremlin a day earlier. Trump on Monday announced new weapons for Ukraine and threatened sanctions on buyers of Russian exports unless Russia agrees a peace deal on Ukraine. The sanctions threat came with a 50-day grace period. 'Trump issued a theatrical ultimatum to the Kremlin. The world shuddered, expecting the consequences,' Medvedev wrote on X. 'Belligerent Europe was disappointed. Russia didn't care,' he added.
Al Arabiya
36 minutes ago
- Al Arabiya
Nissan to close its Oppama plant in Japan to cut costs
Nissan is closing its flagship factory in Oppama, Japan, to cut costs and moving all its production there to another plant in southwestern Japan. Vehicle production at the Oppama plant in Kanagawa Prefecture, south of Tokyo, will end at the end of the 2027 fiscal year in March 2028, the Japanese automaker said Tuesday in a statement. After that, all models that had been made or scheduled for production at Oppama will be made at Nissan Motor Kyushu in Fukuoka Prefecture. The Oppama plant has been a prized symbol for Nissan Motor Corp., which rolled out its Leaf electric car there in 2010 ahead of key rivals. The plant's closure was expected as the maker of the Infiniti luxury models and March subcompact has said repeatedly that it is restructuring its operations to boost its profitability, including by consolidating production sites. Nissan, based in the port city of Yokohama, says the tariff policies of President Donald Trump have hurt its bottom line. Earlier this year, Nissan said it was slashing about 15 percent of its global work force, or about 20,000 employees, which would include a 9,000 head count reduction announced late last year, including in China. The company has been racking up losses hurt by slipping vehicle sales in China and elsewhere, huge restructuring costs, and ballooning inventories. Earlier this year, Nissan said it's reducing the number of its auto plants to 10 from 17 to create a leaner, more resilient business. At that time, it didn't say which plants were being closed but confirmed the closures will include factories in Japan. It's also reducing production capacity to 2.5 million units from 3.5 million. Nissan racked up a loss of 670.9 billion yen (4.5 billion) for the fiscal year through March, down from a 426.6 billion yen profit recorded in the previous fiscal year. Its chief executive, Ivan Espinosa, took up the post in April and was set to speak to reporters later Tuesday. He replaced Makoto Uchida, who stepped down to take responsibility for the faltering results.
