Chinese automaker BYD Auto is expanding its reach and product portfolio with the Shark, a pickup truck that bears a striking resemblance to American-made vehicles like Ford’s F-150 and Explorer. As BYD continues to introduce competitive and affordable models like the Shark and the Seagull hatchback, global automakers worry about the potential impact on their markets and sales. While BYD has not yet announced plans to sell the Shark in the U.S., its entry into countries where American automakers dominate the pickup truck market signals a potential threat to the Detroit automakers’ stronghold on the industry.
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EU retaliates against Trump’s trade moves and hits beef, whiskey, motorcycles with targeted tariffs – Chicago Tribune
The European Union retaliated against the U.S. by imposing new duties on industrial and farm products in response to the increased tariffs on steel and aluminum imports to 25% by the Trump administration. The EU measures target goods worth $28 billion, including textiles, home appliances, and agricultural products, with a focus on products made in Republican-held states. EU officials emphasized the negative impact of tariffs on both economies and urged for negotiated outcomes to avoid...
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