The 'Big, Beautiful Bill' threatens to dismantle key incentives for the US solar industry, potentially leading to higher energy costs and increased reliance on foreign products. Experts warn of dire consequences for domestic manufacturing and climate goals.
As President Trump prepares for his pivotal visit to Saudi Arabia, the focus is on securing a staggering $1 trillion in investments for the US economy. This trip could reshape American economic ties with Gulf nations and boost domestic manufacturing.
The US has implemented a 25% tariff on imported auto parts, potentially increasing vehicle prices and repair costs. This move, part of Trump's push for domestic manufacturing, has far-reaching implications for car owners.
The White House condemned Amazon's plans to reveal tariff costs imposed by Trump, calling it a 'hostile act' and criticizing the company's past ties to China. Amazon's stock fell 2.2% following the announcement.
Tesla has raised serious concerns to the Trump administration over ongoing tariffs, warning of potential retaliatory actions that could impact their competitiveness. The electric automaker urges a reevaluation of trade policies to consider supply chain issues and avoid harmful tariffs on essential components.
