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Time of India
4 days ago
- Business
- Time of India
How TN can trump tariffs
Is the glass half full or half empty? The Trump administration's tariff regime has created upheavals in world trade. Tamil Nadu, however, sees an opportunity both for its MSME sector as well as the big-ticket MNC investors. For the MSME sector — backbone of the state's export performance in competing with Thailand, Vietnam and Cambodia — it's a chance to find newer markets and products. For the MNC manufacturing investors, it's a chance to boost local sourcing thus growing the MSME vendor base. 'The ongoing tariff shifts and global realignments in trade may have opened a window of opportunity for Tamil Nadu's MSMEs in certain sectors,' says industries minister T R B Rajaa. 'While Vietnam and Thailand are often cited as alternatives, Tamil Nadu has a distinct edge. We have a highly skilled talent pool and a mature manufacturing ecosystem across multiple sectors,' he adds. There's reason for this optimism. According to the latest NIRYAT data, Tamil Nadu's overall exports hit $52 billion by FY24-25, up 19.5% from $43.5 billion in FY23-24. Of this, $18 billion is engineering goods including automotive components, $14.6 billion is electronics and $5.4 billion is ready-made garments. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like CFD: Invertir $100 con IA podría devolverte un segundo salario Digital Group Prueba ahora Undo MSMEs are the backbone of exports in India – the number of exporting units increased from 52,849 in FY20-21 to 1,73,350 in FY24-25. And TN is the third biggest exporting state after Gujarat and Maharashtra. TN-based major manufacturers have been expanding to non-North American markets. Ashok Leyland, which saw a 52% jump in export volumes in Q4, has said it is targeting GCC (Gulf cooperation council) and African markets in a big way. TVS Motor, which saw a 22% jump in FY25 exports, is shipping to markets in South and Southeast Asia, Latin America and Africa. TN's export strategy ties in with its push to attract new investments. 'We are pitching to companies around the world at a hectic pace to bring in large-scale investments and global supply chains,' says Rajaa. 'MSMEs are at the core of this growth story, and we encourage them to leverage emerging opportunities,' he adds. 'Tamil Nadu has a wide range of MSMEs and our focus is to make the quality of products export worthy,' says Atul Anand MSME secretary. 'The state's large number of clusters helps with making these companies export worthy.' The good news is that TN's MNC investors are also looking at the tariff scenario as a window to increase local footprint. 'While our shipments and exports to the US are continuing without disruption, we are looking at potential uncertainty in other regions where we operate, including Southeast Asia, home to our largest factories, and Taiwan,' says Niranjan Nayak, MD, Delta Electronics India. Thailand is Delta's largest base of operations in addition to Taiwan and China. 'Future attractiveness might be lower [in these regions] or there could be a degree of uncertainty and this gives us an opportunity to increase our manufacturing capability here in India because, based on the current tariffs, India is not in a significantly negative position,' he says. The state's MSMEs can look forward to domestic opportunities too. For, tariffs will affect the supply chains of all businesses, and big manufacturing will boost local sourcing to survive. That means new business for MSME vendors. 'The tariffs will have a direct or indirect impact on everyone. Aligned with the 'Make in India' initiative, we are advancing our localization efforts right down to the smallest components so we don't get impacted by global scenarios,' says Syed Sajjadh Ali, MD, electrical sector, India, Eaton. Lower dependence on the global supply chain means 'an upper hand in terms of cost reduction' and 'the vendor base is happy to get into new business as volumes ramp up'. 'We are seeing growing interest from international investors who are looking to diversify their sourcing beyond China,' says Rajaa. Now, that has expanded to cover Southeast Asia. For Tamil Nadu, it can only spell opportunity. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
05-05-2025
- Business
- Yahoo
Netflix (NFLX) Slips as Trump Floats Movie Tariff Plan
Netflix (NFLX, Financials) took a hit Monday after former President Donald Trump announced plans for a 100% tariff on foreign-made films. Shares dropped 4% at the open to $1,113, before recovering to $1,139 by the afternoon, trimming losses to about 1.5%. At its lowest point, Netflix lost $20.4 billion in market capalmost equal to the value of Warner Bros. Discovery. Though the White House later said no final decision had been made, the uncertainty shook investor confidence. The problem: entertainment isnt like traditional goods. Experts raised questions about how a tariff on movies would even work. Would it apply to shows? International co-productions? Visual effects? Netflix has a lot at stake. More than half of its 2024 content budget went toward non-North American productions, and nearly 70% of its subscribers live outside the U.S. and Canada. Big hits like Bridgerton and Squid Game were filmed abroad but helped drive U.S. growth. Until now, Netflix had outperformed most tech peers, with its stock up 30% this year through Friday. A recent Bank of America note called it predictable in an unpredictable world. Mondays tariff talk suggests that might no longer be true. The bigger risk now? Whether this opens the door to broader trade actions that could shake up streamings global supply chain. This article first appeared on GuruFocus.
Boston Globe
18-04-2025
- Sport
- Boston Globe
How a dog was blamed for ruining the 1961 Boston Marathon
'Kelley Spilled by Dog,' The Boston Herald . In an era before fences along the side of the route were ubiquitous, the presence of a dog could have a major impact on a high-level race. And that's exactly what happened in 1961, though its human protagonist never wavered from gallantly arguing that the dog had no impact on the ultimate result. Advertisement In fact, the bizarre incident inspired an ironic outcome: The race's winner arguably emerged as the least heroic of the podium finishers, even as he stamped his authority on the final mile with a dominant finishing kick. Ahead of the April 19 marathon race date, the competition between Kelley and Oksanen deservedly Kelley, 30, and Oksanen, 29, had dueled before, with the Finn winning the earlier race in 1959. Kelley, known as 'Kelley the Younger' (to differentiate him with John A. Kelley, winner of Boston in 1935 and 1945), had triumphed in 1957. Both were considered to be at their peak and looked expectantly at the chance to be crowned with another wreath at the finish line. Advertisement It was also the continuation of a still relatively new dynamic in Boston: international winners. Prior to 1946, there had only been two non-North American champions. But starting with 'Kel vs. the Finns,' Kelley, a Connecticut high school English teacher, was the local favorite. Conditions on the day of the marathon were notable for being unusually cold and wintry. Snow flurries, a relatively rare sight for the Boston Marathon, made the already difficult journey from Hopkinton even tougher for the field of 165 runners. Yet very quickly, it became apparent that pre-race prognosticators who had foreseen a second Oksanen vs. Kelley duel were correct. Both runners looked composed and strong, with Kelley taking an early lead and setting a higher tempo to whittle down potential challengers. Joining the duo was a dwindling pack that included Englishman Fred Norris, a 39-year-old veteran of multiple Olympics. Norris's The drama continued to escalate, especially when most surprising member of the leading group joined approximately around mile six. Advertisement A ' The Daily Record ) jumped in to run with the pack, leading them as a would-be pace-setter. The dog was described as possibly being a black Labrador retriever, though accounts differed. The dog that set the pace for part of the 1961 Boston Marathon, with Johnny Kelley and Eino Oksanen following behind. AP Wire For a seemingly impossible distance of roughly 10 miles, the dog happily led the Norris-Oksanen-Kelley group. Then, as the trio approached the fatefully-named Lower Newton Falls, disaster struck. According to Collapsed in a heap on the ground, Kelley looked for a moment as if his race was over. But as if in answer to the already improbable circumstances of a dog playing a central role, another completely unexpected event occurred. Norris stopped to help his competitor. 'Norris did an instinctive act which marked him instantly as a great gentleman,' wrote Nason. 'The 39-year-old alumnus of the British coal mines stopped, turned back, and helped the floundering Kelley to his feet.' 'It happened so fast,' Norris later told Brown. 'I hardly had time to think. [Kelley] looked as if he was down to stay, and he'd been running such a good race. So I grabbed him and shouted, like a command, 'Get up!' It snapped him out of the shock, and he was running right away.' Oksanen, who had successfully hurdled the dog, continued unimpeded. 'He did not even turn his head to see what damage he been wrought by the canine twister which struck the threesome,' Nason wrote. Advertisement But thanks to Norris's help, Kelley — adrenaline pumping — surged back into the race and quickly caught up to the Finn. Unfortunately for the Englishman, the act may have cost him. Having broken his concentration, and combined with the extra exertion right before the Newton hills, Norris suffered in the ensuing miles and fell back from the two leaders, eventually finishing third. Kelley, having regained his pre-fall status as the race leader, navigated most of the remaining course with Oksanen once again tucked just off his shoulder. It wasn't until the runners were less then a mile from the finish that Oksanen made his move. 'It was directly at Charlesgate West, with 1,000 yards to journey, that Oksanen reached down into his physical resources and pulled forth a weary sprint,' Nason recounted. Oksanen, as he had done in 1959, overcame Kelley right near the end. The Finn 'simply had too much power for me at that stage,' Kelley admitted. For the fourth time, Kelley finished in second place. He would total five second-place finishes during his distinguished Boston career. The dog dominated post-race discussion. Oksanen, sympathetic to Kelley, took a harsh line. 'Kelley's a tough man to beat. They should have shot the dog that knocked him down,' he But despite Oksanen's words, Kelley — himself a dog owner — was entirely sympathetic. Johnny Kelley and the mystery dog from the 1961 Boston Marathon. Globe archives 'Falling was a little shock, made the adrenaline run a little faster, but it didn't cost me the race,' he Advertisement Later, Kelley again took the dog's side against critics. 'He was a such a happy, spirited dog, and he seemed to be having such a good time.' The other thing Kelley recognized after the race — aside from crediting Oksanen's strength — was the conduct of Norris for helping him up after the fall. 'What a tremendous act of sportsmanship,' he 'I wonder, had the situation been reversed, if I would have done the same for him? I like to think I would—but in the heat of a hard foot race you're tempted to say, 'Well, those are the racing breaks.'' As for the dog, it was 'Unfortunately,' Hayden Bird can be reached at
Yahoo
17-04-2025
- Sport
- Yahoo
Historic Start With 5,859 In Attendance In Ceske Budejovice
The crowd in Ceske Budejovice for game one of the 2025 IIHF World Championships - Photo @ Cesky Hokej When host Czechia stepped on the ice in Ceske Budejovice, they did so in front of 5,859. It was the most attended opening game by a non-North American host team ever. The attendance number was larger than any game (due to capacity limits) held since the gold medal game in 2019. Advertisement Last year USA drew 3,920 fans for their opener in Utica, while Canada welcomed 3,510 fans to Brampton in 2023. The year prior, Frederikshavn, Denmark welcomed 1,496. In 2019, 4,046 fans watched Finland's opener in Espoo. The only opening game for a tournament host to ever draw more than Czechia's opener was in 2014 as Canada saw 11,174 in attendance in Ottawa. "It's amazing to see,' Czechia veteran Katerina Mrazova told the IIHF. "Women's hockey has been a little bit behind here in Czechia. So it's really great to see a lot of people show up to support us. It's been hyped before the tournament, before we even started. We really appreciate the fans." With continued attendance throughout the tournament, Czechia could chase the all-time tournament attendance record. The nation set a new men's tournament record in 2024 drawing 797,727 to Prague and Ostrava. The women's record comes from 119,231 in Winnipeg and Selkirk. That year Canada drew 10,706 fans for their opening game. On the opening day, Sweden and Germany's Group B game drew 4,207 fans, while Finland and USA saw 5,132 fans in attendance for an opening game total of 15,198.
CBC
02-04-2025
- Automotive
- CBC
U.S. tariffs on the auto sector would substantially raise the sticker price of cars, experts say
Social Sharing If looming 25 per cent tariffs on the auto industry go ahead on April 3 as previously announced by the U.S. government, experts say they'll have a huge impact on the price of cars for Canadians. U.S. President Donald Trump's administration announced last week that a 25 per cent tax on all fully-built vehicles imported into the U.S. would go into effect on April 3. The 25 per cent figure would also extend to some key auto parts, including engines, transmissions and electrical components, and the White House left the door open to a levy on more auto parts down the road. Colin Mang, an assistant economics professor at McMaster University, says how the tariffs play out in the U.S. and how Canada reacts will impact how much the price of a car rises, but the dollar amount could increase anywhere from $1,000 to $8,000 Cdn. "What we're going to see is prices start to increase in the United States and that's going to have spillover effects here in Canada as well, because the prices will track each other," Mang said. WATCH | How much could car prices rise in Canada during a trade war? How much could car prices rise in Canada during a tariff war? 1 day ago Duration 1:43 Retaliatory tariffs by Canada would only add to the price increase, according to Mang. While there are about a dozen or so car models that are assembled in Canada that might not be as impacted by tariffs, the interconnected supply chain that sees car parts criss-cross North America many times before they end up in a vehicle will be affected. Mang says Canada exports some 1.1 million cars to the U.S. each year, so tariffs on the domestic auto industry could mean potential job losses. He noted that these changes would also undo the decades of work done since the inception of the 1965 Auto Pact, which sought to build a singular North American auto industry that both countries would benefit from. Charles Bernard, lead economist with the Canadian Automobile Dealers Association, agrees that tariffs would be quickly followed by a price hike. He says the current supply of cars on the lot would cushion the price increase ever so slightly, but as soon as those cars are sold, the sticker price would go up. "It would be a significant amount of money in a world where cars were already not cheap," Bernard said. Those looking to non-North American carmakers will also be out of luck, he says. Production for brands consumers might associate with Korea or Japan still often takes place in North America, so they're likely to see the same kinds of increases, according to Bernard. South Korean automaker Hyundai has already warned its prices could increase if the 25 per cent tariff by the U.S. goes into effect. WATCH | Autoworkers on edge: Canada's autoworkers on edge about Trump's incoming tariffs 5 days ago Duration 2:05 Canada's auto sector is on edge after the Trump administration announced 25 per cent tariffs on all car imports, raising fears of factory shutdowns and mass layoffs in an industry that supports hundreds of thousands of jobs. Tariff uncertainty already having an impact Mang says that for anyone in the market for a new car, trying to buy a vehicle before tariffs and reciprocal measures come in would be a smart choice. He says interest rates are down as well, giving prospective buyers another reason to purchase sooner rather than later. But at dealerships, the anticipation of tariffs on April 3 is already having an impact. Greg Carrasco, managing partner at Direct Nissan in Mississauga, says price panic has been keeping car shoppers away. "There is a lot of doubt … in the air and we see it," Carrasco said. "We're sitting [in] a holding pattern." He says he and other dealers around the Greater Toronto Area are using low interest rates and offers of no payments for the first six months on used cars in an attempt to attract buyers. He says these deals should have cars flying off the lot, but instead, sales have been quite moderate. Carrasco says it's a scary time to be a car dealer, given there's not much he can do except buy cars now and hope they can weather the storm. "We're just keeping our fingers crossed that the economic gods are going to be favourable to us," he said. Mang agrees that uncertainty because of tariffs is making an impact. He points to consumer confidence, which dropped drastically in recent weeks. The Conference Board of Canada puts the figure at 52.6 points — down by 12 points for the month of February, which is the biggest decrease in a year and a half. "People are really, really worried," Mang said. "They're worried about their jobs. They're worried the economy is heading to a recession, and so they're not really thinking about those big purchases like a new car." Bernard says there's some indication the market might be softening. He says February sale numbers show a slight dip (which can be partially explained by an expected decline in electric vehicle sales as incentives to buy EVs in Quebec ended last month) and notes that it looks like cars are sitting on lots longer. He says that factor on top of the trade war will be bad for dealerships. WATCH | Why experts say Trump's auto plan 'defies logic': Why experts think Trump's new auto tariff plan 'defies logic' | About That 2 days ago Duration 25:38 U.S. President Donald Trump is imposing a 25 per cent tariff on vehicles not made in the U.S. Andrew Chang explains why this threat is different. Plus, is now the perfect time to buy a home in Canada? The best thing people interested in buying a car can do is to pay a visit to their local dealership, which he says are best suited to explain where cost savings can be made with the tariff situation changing rapidly. "It might not always be about what is on the internet or what Trump is saying," Bernard said. "The direct connection, or the only way [you] can talk in a way with the … company building that car is through the dealership. And I think dealers will be well prepared."
