Chinese electric vehicle maker Xpeng on Tuesday forecast third-quarter revenue would double, betting on surging deliveries of its cars despite challenging economic conditions.
The U.S. Commerce Department said on Tuesday it is hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes, appliances, bulldozers and other heavy equipment, along with railcars, motorcycles, marine engines, furniture and hundreds of other products.
U.S. federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending legislation and tariffs, a budget watchdog said on Wednesday.
Korea's automobile exports rose by more than 8 percent from a year earlier in July thanks to a sharp increase in shipments to Europe that more than offset a declin
Mr. Chuwit Jungtanasomboon, Chief Executive Officer of North East Rubber Public Company Limited (SET: NER), stated that in the third quarter of this year, the company is poised to increase its sales volume from the same period last year and the previous quarter due to the expansion of its customer base. The demand for rubber products has in-creased, both domestically and internationally, while the company managed to secure orders for the next three months.
President Donald Trump’s sweeping tariffs have roiled markets, unnerved trade partners and provoked criticism from leading economists. But there is an upside: The levies will help the US maintain its fiscal health, according to S&P Global Ratings.