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Canberra Times
23 minutes ago
- Canberra Times
Volkswagen ID. Buzz to drive logistics giant Down Under
Jungheinrich says the ID. Buzz Cargo fits its needs as its Australian service technicians may travel "up to 350km per day", and may need to respond to "urgent, unplanned service calls". The VW's claimed 431km of driving range on the WLTP cycle should be more than up to task, then.


Perth Now
23 minutes ago
- Perth Now
Trump to put additional 25pct import taxes on India
US President Donald Trump has signed an executive order to place an additional 25 per cent tariff on India for its purchases of Russian oil. It brings the combined tariffs imposed by the United States on its ally to 50 per cent. The tariffs would go into effect 21 days after the signing of the order, meaning both India and Russia might have time to negotiate with the administration on the import taxes. Trump's moves could scramble the economic trajectory of India, which until recently was seen as an alternative to China by American companies looking to relocate their manufacturing. China also buys oil from Russia, but it was not included in the order signed by the Republican president. As part of a negotiating period with Beijing, Trump has placed 30 per cent tariffs on goods from China, a rate that is smaller than the combined import taxes with which he has threatened New Delhi. Trump had previewed for reporters that the tariffs would be coming. During an event in the Oval Office on Wednesday, local time, with Apple chief executive Tim Cook, Trump affirmed the 50 per cent tariff number, not giving a specific answer as to whether additional tariffs on India would be dropped if there were a deal between Russia and Ukraine. "We'll determine that later," Trump said. "But right now they're paying a 50 per cent tariff." The White House said on Wednesday that Trump could meet in person with Russian President Vladimir Putin as soon as next week as he seeks to broker an end to the war. The Indian government called the additional tariffs "unfortunate". "We reiterate that these actions are unfair, unjustified and unreasonable," Foreign Ministry spokesman Randhir Jaiswal said in a statement, adding that India would take all actions necessary to protect its interests. Jaiswal said India has already made its stand clear that the country's imports were based on market factors and were part of an overall objective of ensuring energy security for its 1.4 billion people. Ajay Srivastava, a former Indian trade official, said the latest tariff places the country among the most heavily taxed US trading partners and far above rivals such as China, Vietnam and Bangladesh. "The tariffs are expected to make Indian goods far costlier with the potential to cut exports by around 40-50 per cent to the US," he said. Srivastava said Trump's decision was "hypocritical" because China bought more Russian oil than India did in 2024. "Washington avoids targeting Beijing because of China's leverage over critical minerals which are vital for US defence and technology," he said. In 2024, the US ran a $US45.8 billion ($A70.4 billion) trade deficit in goods with India, meaning America imported more from India than it exported, according to the US Census Bureau. American consumers and businesses buy pharmaceutical drugs, precious stones and textiles and apparel from India, among other goods. As the world's largest nation, India represented a way for the US to counter China's influence in Asia. But India has not supported the Ukraine-related sanctions by the US and its allies on Moscow even as India's leaders have maintained that they want peace. The US and China are currently in negotiations on trade, with Washington imposing a 30 per cent tariff on Chinese goods and facing a 10 per cent retaliatory tax from Beijing on American products. The planned tariffs on India contradict past efforts by the Biden administration and other nations in the Group of Seven leading industrialised nations that encouraged India to buy cheap Russian oil through a price cap imposed in 2022.

Sky News AU
an hour ago
- Sky News AU
‘They're coming home': Donald Trump announces Apple's significant US investment plan
US President Donald Trump has been joined by Apple CEO Tim Cook to announce a significant investment by the tech company in America. 'Today, Apple is announcing that it will invest $600 billion ... in the United States over the next four years,' he said. 'This is the largest investment Apple has ever made in America and anywhere else, and it's just an honour to have you. 'They're coming home ... the company's also unveiling its ambitious new American manufacturing program, which will bring factories and assembly lines across our country all roaring to life.'