China is shifting its focus from being the world's factory to becoming a financial empire, accumulating wealth and influence through strategic investments and control over resources. This long-term strategy positions China as a dominant player in the global economy, surpassing its role as a manufacturing powerhouse.
Canada's upcoming election has brought tax cuts to the forefront of the political debate, with both Conservative Leader Pierre Poilievre and Prime Minister Mark Carney proposing cuts to stimulate domestic consumption and manufacturing. This trend, dubbed "Trump 2.0," reflects a global shift towards countries prioritizing internal economic affairs over international concerns.
Tesla has raised concerns about potential retaliatory tariffs in response to President Trump's proposed tariffs on vehicles and parts manufactured worldwide. The electric vehicle manufacturer, in a letter to the US Trade Representative's Office, highlighted the risk of adverse effects on US companies due to the trade war initiated by Trump.
Realme has launched its latest audio and smartphone offerings, the Buds Air 7 and P3 Ultra 5G, with attractive launch offers. The Buds Air 7 boasts impressive features like Hi-Res Audio and ANC, while the P3 Ultra 5G is the world's first smartphone with a Glow-in-the-Dark Lunar Design and boasts a powerful camera and long-lasting battery.
India and the US are engaged in trade talks to avoid reciprocal tariffs, with India offering to lower tariffs on US products like EVs and wines in hopes of a reprieve. The two countries aim to finalize the first phase of a bilateral trade agreement by fall 2025, aiming to increase bilateral trade to $500 billion by 2030.