US EditionTrade Minister Parks Tau vows to seek clarity on Donald Trump’s 30 percent tariffs
- Donald Trump announced new tariffs of 54% on importing Chinese battery cells into the US, affecting Tesla's energy storage products like Powerwalls and Megapacks.
- Tesla reported delivering only 336,000 electric vehicles in Q1 2025, with numbers significantly below industry expectations, while achieving a record deployment of 10 GWh in energy storage during the same quarter.
- Global markets reacted negatively to Trump's tariff announcement, with the Dow Jones Industrial Average losing 2.6%, signaling fears of economic slowdown and trade conflict.
- Foreign leaders, including a statement from China's Ministry of Commerce, denounced Trump's tariffs, vowing to respond with countermeasures, highlighting the potential beginning of a trade war that may weaken global trade.
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China, EU threaten to retaliate over Trump’s broad reciprocal tariffs: ‘There are no winners’
Nations around the world – including China and the European Union – threatened retaliation on Thursday after President Donald Trump unveiled a harsh reciprocal tariffs plan that could hamper their economies.
·New York, United States
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EU, China, and Canada Vow Retaliation Against US Tariffs
A global trade war is brewing as major U.S. trading partners, including the European Union, China, and Canada, have announced plans to retaliate against President Donald Trump’s newly imposed tariffs on imports. The escalating tensions could have serious economic consequences, wi
·Mumbai, India
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