China Extends Probe Into EU Pork Imports
The Chinese commerce ministry decided to extend its antidumping investigation into EU pork products by six months to Dec. 16, citing the 'complexity' of the case, according to an official notice.
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Yahoo
13 minutes ago
- Yahoo
Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing
WASHINGTON (AP) — President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. It's an astonishing figure, but still subject to negotiation and perhaps not the sure thing he's portraying. "Japan is putting up $550 billion in order to lower their tariffs a little bit," Trump said Thursday. 'They put up, as you could call it, seed money. Let's call it seed money.' He said 90% of any profits from the money invested would go to the U.S. even if Japan had put up the funds. 'It's not a loan or anything, it's a signing bonus,' the Republican president said, on the trade framework that lowered his threatened tariff from 25% to 15%, including on autos. A White House official said the terms are being negotiated and nothing has been formalized in writing. The official, who insisted on anonymity to detail the terms of the talks, suggested the goal was for the $550 billion fund to make investments at Trump's direction. The sum is significant: It would represent more than 10% of Japan's entire gross domestic product. The Japan External Trade Organization estimates that direct investment into the U.S. economy topped $780 billion in 2023. It is unclear the degree to which the $550 billion could represent new investment or flow into existing investment plans. What the trade framework announced Tuesday has achieved is a major talking point for the Trump administration. The president has claimed to have brought trillions of dollars in new investment into the U.S., though the impact of those commitments have yet to appear in the economic data for jobs, construction spending or manufacturing output. The framework also enabled Trump to say other countries are agreeing to have their goods taxed, even if some of the cost of those taxes are ultimately passed along to U.S. consumers. On the $550 billion, Japan's Cabinet Office said it involves the credit facility of state-affiliated financial institutions, such as Japan Bank for International Cooperation. Further details would be decided based on the progress of the investment deals. Japanese trade negotiator Ryosei Akazawa, upon returning to Japan, did not discuss the terms of the $550 billion investment. Akazawa said he believes a written joint statement is necessary, at least on working levels, to avoid differences. He is not thinking about a legally binding trade pact. The U.S. apparently released its version of the deal while Japanese officials were on their return flight home. 'If we find differences of understanding, we may have to point them out and say 'that's not what we discussed,'' Akazawa said. The U.S. administration said the fund would be invested in critical minerals, pharmaceuticals, computer chips and shipbuilding, among other industries. It has said Japan will also buy 100 airplanes from Boeing and rice from U.S. farmers as part of the framework, which Treasury Secretary Scott Bessent said would be evaluated every three months. 'And if the president is unhappy, then they will boomerang back to the 25% tariff rates, both on cars and the rest of their products. And I can tell you that I think at 25, especially in cars, the Japanese economy doesn't work,' Bessent told Fox News' 'The Ingraham Angle.' Akazawa denied that Bessent's quarterly review was part of the negotiations. 'In my past eight trips to the United States during which I held talks with the president and the ministers," Akazawa said. 'I have no recollection of discussing how we ensure the implementation of the latest agreement between Japan and the United States.' He said it would cause major disruptions to the economy and administrative processes if the rates first rise to 25% as scheduled on Aug. 1 and then drop to 15%. 'We definitely want to avoid that and I believe that is the understanding shared by the U.S. side,' he said. On buying U.S. rice, Japanese officials have said they have no plans to raise the current 770,000-ton 'minimum access' cap to import more from America. Agricultural Minister Shinjiro Koizumi said Japan will decide whether to increase U.S. rice imports and that Japan is not committed to a fixed quota. Trump's commerce secretary, Howard Lutnick, has suggested that the Japanese agreement is putting pressure on other countries such as South Korea to strike deals with the U.S. Trump, who is traveling in Scotland, plans to meet on Sundayv with European Commission President Ursula von der Leyen to discuss trade. 'Whatever Donald Trump wants to build, the Japanese will finance it for him,' Lutnick said Thursday on CNBC. 'Pretty amazing.' ___ Yamaguchi reported from Tokyo. Josh Boak And Mari Yamaguchi, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 minutes ago
- Yahoo
WeRide Wins Permit for Autonomous Robotaxi Service in Shanghai, Partnering with Chery to Revolutionize Urban Mobility
SHANGHAI, China, July 26, 2025 (GLOBE NEWSWIRE) -- WeRide (NASDAQ: WRD), a global leader of autonomous driving technology, has been granted a permit from the Shanghai municipal government to operate regulation-compliant, Level 4 (L4) autonomous Robotaxi ride-hailing services. Issued during the World Artificial Intelligence Conference (WAIC 2025) in Shanghai, the permit enables WeRide, in partnership with Chery Group and Jinjiang Taxi, to deploy Robotaxis on public roads in Pudong New Area. This milestone also marks the WeRide Robotaxi's official entry into its tenth city globally. As part of WAIC's Level 4 Intelligent Vehicle Experience Showcase, the three partners jointly launched the event's only fully mass-produced, pre-installed L4 Robotaxi shuttle service. The service connects key Shanghai transport hubs and cultural-tourism landmarks, including the Shanghai World Expo Center, Jinqiao, Huamu, Shanghai Pudong International Airport, and Shanghai Disney Resort. Residents, tourists, and conference attendees are able to book rides through the 'Jinjiang Smart Mobility' WeChat Chery Group, and Jinjiang Taxi jointly launched a Robotaxi shuttle service at WAIC 2025 WeRide, a pioneer and leader in the Robotaxi industry, and Chery Group, China's first independent brand to exceed one million vehicle sales, have joined forces to develop a new generation of mass-produced Robotaxis. Chery's premium new energy vehicle brand, EXEED, is advancing rapidly in smart, connected, and electric mobility, with significant progress in EV platform architecture. Together, they unveiled their jointly developed Robotaxi model — the CER — at Auto Shanghai 2025. The CER is built on WeRide's universal autonomous driving platform, WeRide One, and EXEED's STERRA ET vehicle architecture. At WAIC 2025, WeRide and Chery showcased the CER in active operation. Equipped with WeRide's High-Performance Computing platform and Sensor Suite 5.6, the CER features over 20 sensors — including cost-efficient LiDARs, HD cameras, and RTK-precision navigation modules — and incorporates five layers of redundant safety systems (steering, braking, parking, communication, and power supply redundancy). The CER's spacious interior and extended range on the EXEED STERRA ET platform enable it to support long-distance, all-scenario, high-frequency driverless shuttle services. Founded in 2017, WeRide has been at the forefront of Robotaxi R&D and commercial deployment. It has launched Robotaxi testing or operations across nine cities in three countries, including Beijing, Guangzhou, Nanjing, Suzhou, Ordos, Abu Dhabi, Dubai, Riyadh, and Zurich, accumulating over 2,000 days of safe operation. The approval of the permit in Shanghai marks WeRide's entry into its tenth city globally, showcasing the company's robust autonomous driving technology and efficient global deployment capabilities. Looking ahead, WeRide will deepen collaborations with global partners to accelerate Robotaxi technological advancements, scale commercial deployments, and elevate service standards — driving cities worldwide toward a smarter, safer, and more connected transportation future. About WeRide WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded Robotaxi company. Our autonomous vehicles have been tested or operated in over 30 cities across 10 countries. We are also the first and only technology company whose products have received autonomous driving permits in five markets: China, the UAE, Singapore, France, and the US. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services from L2 to L4, addressing transportation needs in the mobility, logistics, and sanitation industries. WeRide was named in Fortune Magazine's 2024 'The Future 50' list. Media Contact pr@ A photo accompanying this announcement is available at lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
UPI
13 minutes ago
- UPI
Trump delivers immigration message on Scotland visit
1 of 3 | President Donald Trump played golf in Scotland Saturday morning, teeing it up at his Trump Turnberry golf resort ahead of meetings with European lawmakers and delivering a message after leaving the White House on Friday (pictured). Photo by Will Oliver/UPI | License Photo July 26 (UPI) -- President Donald Trump played golf in Scotland Saturday morning, teeing it up at his Trump Turnberry golf resort ahead of meetings with European lawmakers and delivering a message. "I say two things to Europe: Stop the windmills. You're ruining your countries. I really mean it, it's so sad. You fly over and you see these windmills all over the place, ruining your beautiful fields and valleys and killing your birds," Trump told reporters after arriving on Friday. "On immigration, you better get your act together. You're not going to have Europe any more," he said. Trump is scheduled to discuss trade during a Monday meeting with British Prime Minister Keir Starmer and Scottish First Minister John Swinney. He is also expected to meet with European Commission president Ursula von der Leyen during the four-day visit to Scotland. The delegation will start arriving Saturday and include European trade commissioner Maros Sefcovic, as well as von der Leyen, who Trump referred to as a "highly respected woman." U.S. officials and their EU counterparts are continuing attempts to reach a deal before an Aug. 1 deadline that will see 30% reciprocal tariffs take effect on all EU member states. The United States and Britain reached a deal in June on tariffs between the two countries, although Trump and Starmer were expected to iron out details during their meeting. Protestors demonstrated against Trump's visit in both Edinburgh and Aberdeen Saturday morning, including outside the Trump-owned golf course. He will also visit another of his privately-owned courses, Trump International Scotland in Aberdeenshire, during the trip. "We are really excited, across this whole weekend, there's so many campaign groups turning out in the streets, taking in action in their communities or at rallies like this. It's kind of like a carnival of resistance," demonstrator Anita Bhadani told the BBC outside of the U.S. Consulate General's office in Edinburgh Saturday, after helping to organize the Stop Trump Coalition. The coalition said its purpose is to "defeat the politics of Trumpism, and to promote an alternative, democratic vision of the world based on peace, social justice and international cooperation."
