A return of the Sobukwe Clause? Sacrificing economic transformation to appease Elon Musk
Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day subscription trial. Dive into a world of inspiration, learning, and empowerment. You can only trial once.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Wall Street Journal
14 minutes ago
- Wall Street Journal
Are EVs the Future of GM? - Tech News Briefing
The CEO of General Motors says the automaker remains committed to an all-electric-vehicle future. That's despite the company lobbying Congress to repeal California's emissions rules and backpedaling on plans to build out an EV motor plant. Mary Barra spoke at the WSJ's Future of Everything event last week. Plus, even non-coders can make apps thanks to generative artificial intelligence tools. We'll tell you more about 'vibe coding' with writer Jasmine Sun. Julie Chang hosts. Sign up for the WSJ's free Technology newsletter.


Washington Post
16 minutes ago
- Washington Post
US growth likely to slow to 1.6% this year, hobbled by Trump's trade wars, OECD says
WASHINGTON — U.S. economic growth will slow to 1.6% this year from 2.8% last year as President Donald Trump's erratic trade wars disrupt global commerce, drive up costs and leave businesses and consumers paralyzed by uncertainty. The Organization for Economic Cooperation and Development forecast Tuesday that the U.S. economy — the world's largest — will slow further to just 1.5% in 2026. Trump's policies have raised average U.S. tariff rates from around 2.5% when he returned to the White House to 15.4%, highest since 1938, according to the OECD. Tariffs raise costs for consumers and American manufacturers that rely on imported raw materials and components.


Bloomberg
20 minutes ago
- Bloomberg
Trump's Tariffs Plunge US and Global Economy Into Slowdown
Donald Trump's combative trade policies have tipped the world economy into a downturn clouded in heightened uncertainty, with the US among the hardest hit, the OECD said. The Paris-based organization slashed its global forecasts for the second time this year, citing the impact of the American president's tariff onslaught. The combination of trade barriers and uncertainty are hitting confidence and holding back investment, it said, while also warning that protectionism is adding to inflationary pressures.