Trump’s 25% Auto Parts Tariff Takes Effect, Sparking Industry Fears of Rising Costs and Supply Disruptions
A 25% import tariff on engines, transmissions, and other essential auto components officially took effect in the U.S. this week, adding fresh turmoil to an automotive industry already rattled by President Donald Trump’s evolving trade agenda. The latest levy—part of Trump’s sweeping push to prioritize American manufacturing—comes on the heels of last month’s 25% tax […]
Tesla Chair Denies CEO Succession Search, Reaffirms Board’s Confidence in Elon Musk
Tesla Chair Robyn Denholm on Thursday strongly refuted a Wall Street Journal report alleging that the company’s board had initiated a search for a new CEO to potentially replace Elon Musk. The Journal, citing unnamed sources, reported Wednesday that Tesla board members had reached out to executive search firms about a month ago to discuss […]
U.S. Tourism Faces $90 Billion Hit as Trump-Era Trade Tensions Spark Global Backlash and Travel Declines
The U.S. travel and tourism industry is facing a steep decline, with potential revenue losses estimated at up to $90 billion, as global backlash against the Trump administration’s trade policies and rhetoric intensifies. The downturn is being driven in large part by declining travel from key U.S. allies—particularly Canada, the United Kingdom, and Germany—traditionally among […]
Tesla Whistleblower Wins Key Appeal, Paving Way for Public Trial Against Elon Musk’s Company
A former Tesla engineer who raised early safety concerns about the company’s vehicles has secured a pivotal victory in her years-long legal battle, reviving the possibility of a public trial against the electric car giant and its CEO, Elon Musk. Cristina Balan, once a prominent engineer at Tesla with her initials engraved on Model S […]
Dangote Refinery Slashes Petrol Price to ₦835/Litre
The Dangote Petroleum Refinery has again reduced the ex-gantry price of premium motor spirit (PMS), also known as petrol, bringing it down to N835 per litre, just six days after cutting it to N865. Sources within the refinery confirmed the price adjustment, noting it reflects Dangote’s commitment to easing pressure on the domestic fuel market […]
Trump Reiterates Opposition to Nippon Steel’s US Steel Takeover, Citing National Interest
U.S. President Donald Trump on Sunday reaffirmed his opposition to foreign ownership of U.S. Steel, doubling down on earlier comments that cast doubt on Japanese firm Nippon Steel’s proposed $15 billion acquisition of the iconic American steelmaker. “I don’t think a foreign company should control U.S. Steel,” Trump told reporters aboard Air Force One as […]
Trump Grants Major Tariff Exemptions on Tech Imports, Easing Pressure on U.S. Industry
President Donald Trump has announced broad exemptions from his administration’s steep import tariffs on electronic devices, offering a significant reprieve to U.S. tech companies amid rising concerns over the economic impact of the trade war with China. The exemptions, which take effect retroactively from April 5, apply to a range of electronics—including smartphones, laptops, and […]
China Hikes Tariffs on U.S. Imports to 125% in Deepening Trade War
China announced a sweeping hike in tariffs on U.S. imports on Friday, raising duties to 125% in a dramatic escalation of what has become one of the most intense trade disputes in decades. The move comes in direct response to President Donald Trump’s recent decision to increase tariffs on Chinese goods to an unprecedented 145%, […]
Dangote Refinery Slashes Petrol Ex-Depot Price to N865 per Litre
Dangote Petroleum Refinery and Petrochemicals has reduced its ex-depot price of petrol to N865 per litre, marking a N15 cut from the previous rate of N880 per litre. The new pricing was communicated to customers via an official notice on Thursday and reflects ongoing adjustments in the downstream sector as local refining gains traction. The […]
Global Markets Surge After Trump Pauses Most Tariffs—China Remains Targeted
Asian and European markets surged on Thursday after President Donald Trump announced a 90-day suspension of planned tariffs on nearly all of America’s trading partners—excluding China. The move sparked a global relief rally following a week of sharp declines fueled by fears of deepening trade wars and a looming recession. In Asia, major indices rebounded […]
