The eighth Congress of Religious Leaders in Astana: Dialogue and opportunities
The eighth Congress of World and Traditional Religious Leaders has commenced in Astana, bringing together around 100 delegations from 60 countries....
President Donald Trump has delayed the implementation of 25% tariffs on automobile imports from Canada and Mexico for one month, following requests from executives at General Motors, Ford, and Stellantis.
The reprieve is expected to provide automakers until April 2 to begin shifting offshore production to facilities within the United States.
The decision comes less than two days after the tariffs were announced—a measure that reimposes duties on goods previously exempted under the North American trade agreement, often referred to as NAFTA 2.0. Under the terms of the agreement, automakers that comply with the United States-Mexico-Canada Agreement (USMCA) had previously enjoyed duty-free access.
The Big Three automakers operate complex supply chains with manufacturing facilities located in Canada and Mexico. For instance, General Motors produces its Chevy Equinox in both countries, while Ford’s Lincoln Nautilus SUVs and Stellantis’ Dodge Chargers are made in Ontario. Numerous automotive suppliers also rely on plants in the region.
Industry analysts warn that the tariffs could lead to a significant increase in vehicle sticker prices—potentially up to $12,000—at a time when car prices are already near historic highs. Jeff Schott, a senior fellow at the Peterson Institute for International Economics, noted that higher prices could dampen consumer demand and leave dealers with costly unsold inventory.
During an address to Congress on Tuesday, President Trump urged manufacturers to move production onshore. White House press secretary Karoline Leavitt stated at a briefing that the administration expects GM, Ford, and Stellantis to shift their operations to the United States before the tariffs are fully implemented at the end of the month. “He told them that they should get on it,” Leavitt added.
However, challenges remain. Ford CEO Jim Farley acknowledged at a recent investor call that the company does not have excess capacity at its existing plants to easily accommodate such a shift. Farley warned that while Ford could absorb the tariffs in the short term, prolonged duties could inflict unprecedented damage on the U.S. automotive industry.
Data from Edmunds.com indicate that, through February, nearly half of all new vehicles sold in the U.S. were manufactured domestically, with 17.4% built in Mexico and 7.4% in Canada.
In a statement, Ford reiterated its commitment to U.S. manufacturing: “Since President Trump’s successful USMCA was signed, Ford has invested billions in the United States and committed to billions more in the future to both invest in American workers and ensure all of our vehicles comply with USMCA. We will continue to have a healthy and candid dialogue with the Administration to help achieve a bright future for our industry and U.S. manufacturing.”
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Google said on Tuesday it would make £5 billion pounds ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
The founding family of Italiana Petroli is close to finalising the sale of the oil refiner to the State Oil Company of Azerbaijan (SOCAR), in a deal that would give the Azerbaijani group control of one of Italy’s largest petrol station networks, three sources have said.
India's retail inflation (INCPIY=ECI) rose to 2.07% in August as food prices edged up, although it remained within the central bank's tolerance range for the tenth consecutive month.
Jaguar Land Rover (JLR) said Wednesday that it now believes “some data has been affected” after a cyberattack forced the company to shut down operations last Tuesday. Staff have been instructed to work from home since the incident.
Oracle co-founder Larry Ellison has overtaken Tesla Chief Elon Musk as the world’s richest person after a surge in the company’s stock lifted his net worth to $393 billion, according to the Bloomberg Billionaires Index.
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