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Tuesday, April 29, 2025

Trump administration to offer relief to car manufacturers amid continued 25% tariff

The US administration plans to implement measures by Tuesday to reduce the impact of automotive import tariffs, allowing manufacturers additional time to shift production to US soil. While the 25 per cent tariffs on imported vehicles and components will continue, they will be restructured to prevent overlap with other tariffs. The automotive industry responded positively to these changes.

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US Federal Reserve meet today: Kevin Warsh-led FOMC keeps interest rates unchanged

The US Federal Reserve, which began its two-day policy meeting on Tuesday, was widely expected to leave its benchmark interest rate unchange...