Tesla Warns of Supply Chain Risks as Trump’s Trade Moves Could Hurt U.S EV Exports and Jobs

Brief by Shorts91NewsDesk / 07:40am on 14 Mar 2025,Friday Business

Tesla has expressed concerns over potential retaliatory tariffs resulting from President Donald Trump's aggressive trade policies. In a letter to the U.S. Trade Representative's Office, Tesla highlighted that previous U.S. trade actions led to increased tariffs on electric vehicles (EVs) exported to affected countries, thereby impacting U.S. exporters disproportionately. The company emphasized challenges in sourcing certain parts domestically, even with efforts to localize supply chains, and advocated for a phased implementation of new trade measures to allow businesses time to adapt. Additionally, the trade group Autos Drive America, representing major foreign automakers, echoed these concerns, warning that broad-based tariffs could disrupt U.S. production, elevate consumer prices, reduce vehicle model availability, and potentially lead to job losses across the supply chain.

Read More at Reuters

Trump Threatens Further Tariffs as EU, Canada Retaliate for Those Already in Place

Brief by Shorts91NewsDesk / 04:04am on 13 Mar 2025,Thursday Business

President Donald Trump's 25% tariffs on all U.S. steel and aluminum imports took effect on March 12, 2025, aiming to protect domestic industries. In response, the European Union plans to impose tariffs on up to €26 billion of U.S. exports, while Canada announced C$29.8 billion in retaliatory tariffs, targeting metals, computers, and sports equipment. Canada's Finance Minister, Dominic LeBlanc, stated, "We will not stand idly by while our iconic steel and aluminum industries are being unfairly targeted." The escalating trade tensions have unsettled markets, with investors fearing a potential recession. Trump has threatened further tariffs if the EU proceeds with its countermeasures, stating, "Whatever they charge us, we're charging them."

Read More at Reuters

India's Retail Inflation Drops to 7-Month Low of 3.61%, Paving Way for Another RBI Rate Cut

Brief by Shorts91NewsDesk / 04:01am on 13 Mar 2025,Thursday Business

India's retail inflation declined to 3.61% in February 2025, marking a seven-month low and falling below the Reserve Bank of India's (RBI) medium-term target of 4%. This decrease is primarily attributed to a significant drop in vegetable prices, leading to a food inflation rate of 3.75%, the lowest since May 2023. The easing inflation provides the RBI with the opportunity to implement further rate cuts to stimulate economic growth. Economists anticipate a 25 basis points reduction in the repo rate during the April policy meeting, with potential for additional cuts in subsequent months. The RBI had previously reduced the key interest rate by 25 basis points to 6.25% in February, the first cut in nearly five years.

Read More at The Tribune

Starlink’s Internet Deal with Airtel and Jio: How Elon Musk’s Satellite Internet Can Transform India’s

Brief by Shorts91NewsDesk / 02:05pm on 12 Mar 2025,Wednesday Business

Elon Musk’s Starlink is in discussions with Airtel and Jio to collaborate on satellite-based internet services in India. This move aims to boost internet accessibility in remote areas where traditional broadband infrastructure is lacking. Experts suggest that Starlink’s high-speed, low-latency internet can bridge India’s digital divide, enhancing rural education, healthcare, and e-commerce. However, regulatory approvals and pricing remain key challenges. If successful, this partnership could revolutionize India’s internet landscape, providing seamless connectivity even in the most underserved regions. Reliance Jio and Bharti Airtel’s involvement could also ensure widespread adoption and integration with existing telecom networks.

Read More at NDTV

Airtel Partners with SpaceX to Introduce Starlink Internet in India

Brief by Shorts91NewsDesk / 02:35am on 12 Mar 2025,Wednesday Business

Airtel has signed a deal with SpaceX to bring Starlink's satellite internet to India, pending regulatory approval for Starlink's services. This partnership will allow Airtel to sell Starlink equipment, provide services to businesses, and extend connectivity to rural schools, health centers, and remote areas. Additionally, both companies plan to integrate Starlink into Airtel's network and use Airtel’s infrastructure in India. Airtel's existing collaboration with Eutelsat OneWeb for satellite internet will be complemented by Starlink, expanding internet access in underserved regions. This collaboration aims to provide high-speed connectivity across India.  

Read More at India Today

Trump Suspends Plan to Increase Tariffs on Canadian Steel and Aluminium

Brief by Shorts91NewsDesk / 02:20am on 12 Mar 2025,Wednesday Business

US President Donald Trump has halted his proposal to raise tariffs on Canadian steel and aluminium imports to 50%, just hours after threatening the increase. The existing 25% tariffs will remain in effect and are scheduled to take effect on March 12. The change in stance follows a move by the Canadian province of Ontario to suspend a 25% electricity charge on certain US states, responding to Trump’s tariff threats. This development highlights the continued trade tensions between the US and Canada, with both countries concerned about the potential economic repercussions.  

Read More at BBC News

European Stocks Steady After U.S. Market Plunge Over Trump’s Tariff Concerns

Brief by Shorts91 Newsdesk / 12:43pm on 11 Mar 2025,Tuesday Business

European stocks remained stable Tuesday despite a sharp sell-off in U.S. markets, where the S&P 500 fell 2.7% and the Nasdaq dropped 4%. Investors reacted to President Donald Trump's comments about a "transition" period for the U.S. economy and concerns over tariffs. Tesla shares plummeted 15.4%, while Nvidia, Meta, and Amazon also saw losses. European markets showed resilience, with Germany’s DAX rising 0.4%. Analysts warn that uncertainty surrounding Trump’s policies is unsettling investors. A White House official downplayed stock concerns, emphasizing long-term business growth.

Read More at BBC

US Stock Market Crash: Will Wall Street Sell-Off Drag Down Sensex, Nifty?

Brief by Shorts91 Newsdesk / 02:33am on 11 Mar 2025,Tuesday Business

The US stock market crashed on Monday, with the Nasdaq falling 3.6% and major tech stocks losing billions. Microsoft, Nvidia, and Tesla dropped up to 11%. The sharp fall was triggered by fears of a US slowdown, inflation worries, and new tariffs proposed by President Trump. European and Asian markets also took a hit. Experts warn that Indian markets may see losses, especially in IT stocks. Nifty closed lower at 22,460. Analysts say volatility will remain high. Investors are now waiting for inflation data from India and the US to see where the market goes next.

Read More at India Today

Global Stocks Drop as Trump Acknowledges US Economic 'Transition'

Brief by Shorts91 Newsdesk / 02:15am on 11 Mar 2025,Tuesday Business

Global markets fell on Tuesday after Donald Trump said the US economy was in a "period of transition," raising recession fears. The S&P 500 fell 2.7%, the Dow Jones dropped 2%, and the Nasdaq sank 4%. Asian markets followed, with Japan's Nikkei down 2.3% and South Korea’s Kospi losing 2%. Tech stocks were hit hardest, with Tesla plummeting 15.4% and Nvidia down 5%. Trump’s tariffs on China, Mexico, and Canada have sparked investor uncertainty. Analysts warn of inflation risks, while the White House insists tariffs will boost manufacturing and job creation.

Read More at BBC

Tariff Terrorism: Baba Ramdev Slams Donald Trump Over Trade Policies

Brief by Shorts91 Newsdesk / 12:52pm on 09 Mar 2025,Sunday Business

Baba Ramdev criticized US President Donald Trump, accusing him of "tariff terrorism" and bullying developing nations with economic policies. Speaking in Nagpur, he claimed Trump’s tariffs threaten democracy and create an "intellectual colonization" era. Ramdev urged Indians to unite for national strength. He also condemned vandalism at a Hindu temple in California, calling for global action against "religious terrorism." Additionally, he dismissed Aurangzeb as an ideal, praising Chhatrapati Shivaji instead. Trump's tariff policies have caused global market volatility, with India affected. The US plans reciprocal tariffs from April 2.

Read More at Financial Express

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