From @WSJopinion: Why do higher trade barriers result in lower quality? Quality suffers when we substitute self-reliance and hubris for the genuine expertise of others, write Scott Burns and Caleb S. Fuller https://t.co/ylzYTDxfrv ...

Core Viewpoint - Renault SA is considering plans that could result in up to 3,000 job cuts globally, primarily affecting support services such as human resources, finance, and marketing, with a potential reduction of about 15% in these areas [1][2][3]. Group 1: Job Cuts and Operational Changes - The company is evaluating ways to simplify operations, accelerate execution, and optimize fixed costs, although no final decision has been made regarding the job cuts [3]. - Reports indicate that the job cuts could amount to approximately 3,000 positions worldwide [1]. Group 2: Market Challenges - Renault has been largely insulated from U.S. tariffs since it does not sell cars in the American market, but it has still experienced indirect impacts due to increased competition from European rivals [4]. - The company is facing intensified competition from Chinese manufacturers in both electric and hybrid vehicle segments [7]. Group 3: Strategic Investments - With over 70% of its sales occurring in Europe, which is showing limited growth, Renault is looking to expand into emerging markets [7]. - The company has announced plans to invest €3 billion (approximately $3.4 billion) to introduce eight new models targeted at non-European markets by 2027 [7].

From @WSJopinion: Why do higher trade barriers result in lower quality? Quality suffers when we substitute self-reliance and hubris for the genuine expertise of others, write Scott Burns and Caleb S. Fuller https://t.co/sZjBc6SFbU ...

The European Union will restrict steel imports into the market as local producers struggle with the impact of overcapacity and trade barriers https://t.co/MbaXT0RR9e ...

Indonesia and Canada agreed a deal to lower trade barriers and ease investment procedures https://t.co/SEVi3T9QEX ...

President Donald Trump and Indian Prime Minister Narendra Modi pledged to talk and resume trade negotiations, signaling a possible thaw after weeks of a blistering fight over tariffs and Russian oil purchases.  “I am pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations,” Trump wrote on social media Tuesday. “I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks. I feel cer ...

Meanwhile, President uh po Trump just posting about India. He said that while India is our friend, we've done relatively little business with them because their tariffs are far too high and they have high nonmonetary trade barriers. He also blasted India for buying military equipment from Russia and buying Russian energy.As a result, President Trump saying India will be paying a tariff of 25% as well as a penalty beginning August 1st. If you recall early on during these negotiations, it seemed like India mi ...

The Trump administration expects that Indonesia’s decision to bring down trade barriers will result in at least $50 billion in additional market access for US goods https://t.co/5jgUV1HN4P ...

Trade Policy - U S President Donald Trump threatened to raise tariffs on U S trading partners if they do not remove trade barriers [1] - The tariff increases are scheduled to take effect on August 1 [1] Geopolitical Implications - The letters were sent to U S trading partners [1]

Less than three weeks away then from this new deadline. What is the state of play. Yeah, just to refresh everybody on kind of where we are, because the percentages are changing, the dates are changing.Initially, the EU is facing 50% tariffs on August the ninth. Now we're talking about 30% tariffs on August the first. So about two and a half weeks away.And that follows that letter that came from President Donald Trump to the European Commission to Ursula von der Leyen. And I'll just read some of the excerpts ...