Representatives of China, Russia, and Iran called for an end to U.S. sanctions on Iran over its nuclear program, emphasizing the need for diplomatic engagement. The talks followed President Trump’s letter to Iran’s supreme leader and new sanctions, with China and Russia advocating for a return to multinational negotiations. Iran, China, and Russia, all participants in the 2015 nuclear deal, highlighted the importance of respect and dialogue in resolving the issue amidst escalating tensions and Iran’s enrichment of uranium to 60% purity.
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Stellantis warns of $1.7 billion earnings hit from tariffs
Stellantis announced that President Trump's tariffs will cost the automaker approximately €1.5 billion ($1.7 billion) in 2025, primarily affecting earnings in the second half of the year. While the company is engaging with policymakers regarding the tariffs, its operations in North America are particularly impacted, similar to other manufacturers like GM and Volkswagen, which are also facing significant tariff-related losses. Want More Context? 🔎
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