Mexico minister says cars shipped to US to face average 15% tariff, not 25%
MEXICO CITY, May 20 (Reuters) - Mexican Economy Minister Marcelo Ebrard said on Tuesday that cars assembled in Mexico and exported to the United States will face an average tariff of 15%, not 25%, citing additional discounts that local products benefit from.
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The Independent
an hour ago
- The Independent
Trump-Musk feud live updates: Elon deletes tweet claiming the president is in the Epstein files amid public break-up
Elon Musk has deleted his tweet in which he claimed that Donald Trump is in 'the Epstein Files.' Musk initially shared the post on Thursday as the spat between him and the president exploded over a disagreement over Trump's congressional spending bill. The billionaire also suggested that Trump should be impeached. 'The Epstein Files' is a phrase used to describe information that U.S. authorities hold on the disgraced financier and pedophile Jeffrey Epstein, who died in a Manhattan jail cell in 2019. By Saturday morning, Musk's post alleging Trump is in the files had been removed. This comes as Trump and Musk don't appear to be speaking, despite earlier rumors that a phone call might occur following their disagreement. The president shrugged off the feud in calls with multiple TV networks on Friday morning, dismissing Musk as a 'man who has lost his mind,' saying he was 'not particularly' interested in reconciliation, and 'the poor guy's got a problem.' Mass deportations from Trump's Big, Beautiful Bill could quietly cost U.S. over $1.4 trillion Mass deportations enabled by the Trump administration's Big, Beautiful Bill spending and tax package could cost the U.S. over $1 trillion in the coming years, as the administration is already reportedly struggling to fund its rapidly expanding immigration crackdown. The package, which the House of Representatives passed last month, directs $168 billion towards immigration and border law enforcement agencies. That spending, combined with the economic impact of removing scores of immigrants and more granular changes, like a potential decline in revenues thanks to the possible deterrent effect of new fees on migrants, could cost the U.S. over $1.4 trillion over the next decade, according to an analysis from the libertarian Cato Institute. Mass deportations from Trump's Big, Beautiful Bill could cost U.S. over $1.4 trillion White House has been fending off attacks from Elon Musk that bill adds too much to deficit Graig Graziosi7 June 2025 14:30 Trump says he's still considering cutting Musk's government subsidies, but "only if its fair" Reporters asked President Donald Trump if he was still considering cutting Elon Musk's government contracts and subsidies after he threatened to do so on Thursday. Trump said that Musk 'gets a lot of subsidy,' and that he was going to 'look at' what he's getting and consider cutting them, but 'only if it's fair for him and for the country.' On Thursday, Trump and Musk were embroiled in a public spat that saw the Tesla CEO agree with a call for the president's impeachment and insinuate that he was on notorious rapist and child sex trafficker Jeffrey Epstein's client list. Trump responded by threatening to end Musk's government contracts and subsidies, ostensibly as a way to save the American public money, and questioned why former President Joe Biden hadn't done so during his time in office. Graig Graziosi7 June 2025 14:00 Trump-Musk friendship goes from meteoric rise to epic meltdown in under a year Musk was once Trump's critic and became his friend as the Tesla head pushed further right in his political leanings. It hit its apex after the assassination attempt on Trump in July. Musk then joined Trump on the campaign and quickly dubbed himself 'first buddy.' That led to Musk becoming the head of the Department of Government Efficiency, which was tasked with slashing the federal budget. The relationship turned sour as the two disagreed over Trump's spending bill. Musk left the White House and the two remained friendly, at least in public. That changed as Musk posted criticism of the bill online and culminating with the meltdown on social media between the two. Read more here about their history together: A timeline of Donald Trump and Elon Musk's tumultuous relationship Though the tech billionaire quickly rose to the (self-titled) position of 'first buddy,' it ended in a flash, writes Mike Bedigan and Isabel Keane Rebecca Whittaker7 June 2025 13:40 Trumps Tesla spotted parked outside the WhiteHouse President Donald Trump is thinking of getting rid of the red Tesla that he bought from Elon Musk earlier this year. He is considering either selling theModel S electric vehicle, priced at around $80,000, or giving it away, The Wall Street Journal reported, citing a senior White House official. The car was pictured Friday parked outside the West Wing between the White House and the Eisenhower Executive Office Building. It comes after Elon Musk, the CEO of Tesla, lost $34 billion in net worth on Thursday after his company's stock plummeted in response to the online fight. Rebecca Whittaker7 June 2025 13:20 Kash Patel has live mid-interview 'WTF' moment on Joe Rogan as he learns of Trump vs. Musk FBI Director Kash Patel first learned that the world's richest man had just accused his boss of being in the so-called 'Epstein Files' while taping an episode of Joe Rogan's podcast on Thursday. Patel, who has come under fire from MAGA supporters in recent weeks for backing away from conspiracy theories about disgraced financier Jeffrey Epstein now that he leads the FBI, appeared taken aback by Elon Musk's wild tweets about Donald Trump's lengthy past relationship with Epstein. 'That's way outside my lane,' Patel demurred while Rogan wondered 'what the f*ck' was going on between the president and his former 'first buddy.' Justin Baragona reports. Kash Patel has 'WTF' moment on Joe Rogan as he learns of Trump vs. Musk mid-interview 'I'm not participating in any of that conversation between Elon and Trump,' Kash Patel insisted during the interview. Graig Graziosi7 June 2025 13:00 'The Trump and Musk spat is turning them both into billion-dollar losers in every way' The boys are going at it. Like two heavies in the playground, the once richest man on Earth and on who thinks he is the most powerful are locked in a scrap, writes Chris Blackhurst. He added the fallout hit them both. Trump says that Musk and his companies receive 'billions of dollars' in government subsidies and contracts. He could cut them. 'I was always surprised that Biden didn't do it,' Trump wrote on his Truth Social Platform. Read more by Chris Blackhurst here: The Trump and Musk spat is turning them both into billion-dollar losers in every way As the 'first buddy' turns first enemy, Chris Blackhurst looks at the feud between the president and tech billionaire and how much it could cost them in real terms Rebecca Whittaker7 June 2025 12:40 Recap: How the Musk and Trump war of words exploded on social media Rebecca Whittaker7 June 2025 12:22 Trump administration scrambling to rehire workers cut by DOGE Departments and agencies across the federal government are scrambling to fill crucial roles left vacant over the Department of Government Efficiency's mass firings and deferred resignation offers. For months, DOGE has demanded departments and agencies dramatically downsize as part of efforts to cut government spending. Some employees have been incentivized to leave with early retirement offers or buyouts. Others, such as probationary employees, have been dismissed. But now, those same departments and agencies have been left understaffed and are struggling to get workers back. Ariana Baio has the story. Trump team scrambles to rehire workers cut by DOGE to fill critical government roles Rescinding reduction-in-force notices, asking for volunteers, and offering jobs to fired federal workers are some of the ways departments are trying to bulk up staff. Graig Graziosi7 June 2025 12:00 LGBTQ+ people march following rollback of queer rights In a bid show defiance to President Donald Trump's rollback of queer rights, LGBTQ+ people from around the world will march through the streets of Washington on Saturday. It comes after transgender people were banned from serving in the armed forces. While proponents of DEI (Diversity, Equity, and Inclusion) consider it necessary to correct historic inequities, the White House has described it as a form of discrimination based on race or gender, and said its transgender policy protects women by keeping transgender women out of shared spaces. The parade route will come within one block of the White House grounds in one of the final main events of the weeks-long WorldPride celebration. On Sunday a more political event, dubbed a rally and march, will convene at the Lincoln Memorial, a revered space in the US civil rights movement as the site of Martin Luther King Jr.'s "I Have a Dream" speech in 1963. Rebecca Whittaker7 June 2025 11:45 Voters opinions on the Trump-Musk feud Voters were confident the feud would 'blow over', the BBC reported. Melanie in Georgia told the broadcaster: That the "two very strong, intelligent, brilliant men" approach things from different perspectives and believes it will all "blow over". Emana in New York said it's "very serious" for Musk to be making allegations about the president, but that she is "cautiously optimistic" it will be resolved. While Duke Machado from Texas, said he supports Trump's "big, beautiful bill" because it represents "common sense American priorities... cutting taxes puts money back in the pockets of hard-working families".
The Sun
3 hours ago
- The Sun
Cult favourite car brand teases return of legendary performance model – four years after it was discontinued
SUBARU has hinted at the return of a hugely popular model - some four years after it was discontinued. While the Japanese carmaker is best known today for its practical SUVs and estates like the Crosstrek, Forester and Outback, it still holds legendary status among petrolheads. 3 3 3 That's because Subaru once dominated the World Rally Championship in the 1990s and early 2000s. With the likes of Colin McRae and Richard Burns at the wheel, Subaru took six WRC titles in the Constructors' and Drivers' champions between 1995 and 2003, cementing the blue-and-gold Impreza WRX STI as an icon. It meant the brand's high-performance Impreza model - which was later renamed the WRX STI - became a big hit and remained in production in various forms until 2021, when Subaru officially discontinued it in Europe, the UK, and North America. The decision at the time was driven by tightening emissions regulations and Subaru's shift in focus towards hybrid and electric models. But that might not be the end of the road for the WRX STI. Earlier this month, Subaru's Chief Technology Officer, Tetsuro Fujinuki, announced that the brand would reveal a new model at the Japan Mobility Show in October. While he didn't confirm any details, a brief design sketch shown to the audience sparked speculation that the WRX STI - or perhaps some kind of spiritual successor - could be returning. According to Japan's Car Watch, Fujinuki said the new model would 'make good use of our current technological assets' and hinted at 'an even more cutting-edge car.' For now, though, there's no official confirmation of a global WRX STI comeback - and certainly nothing concrete for UK fans to get excited about just yet. Still, with a teaser hint like this, Subaru clearly hasn't forgotten its motorsport roots. This comes as - a beloved motor that ran from 1987 to 1995. The Volkswagen-owned marque says they've 'drawn inspiration from the brand's rich history to create a modern interpretation' of the little motor, which was once a regular on UK roads.
Reuters
5 hours ago
- Reuters
Geely chairman says global auto industry facing 'serious overcapacity'
SHANGHAI, June 7 (Reuters) - Geely's ( chairman and founder Li Shufu said on Saturday that the global automotive industry was facing "serious overcapacity" and that the Chinese automaker had decided not to build new manufacturing plants or expand production in existing facilities. Li made the comments at an auto forum in the central city of Chongqing, according to the company. Geely Holding owns multiple automotive brands including Geely Auto ( opens new tab, Zeekr (ZK.N), opens new tab and Volvo ( opens new tab.
