European consumers are facing higher prices on a range of goods due to trade tensions between the White House and Brussels, with the European Commission announcing retaliatory measures against the U.S.’s 25% tariffs on aluminum and steel imports. The EU’s response targets $28.3 billion worth of American goods, including agricultural produce, household items, and fashion garments, leading to increased uncertainty for businesses and consumers in both regions. Despite the limited immediate macroeconomic impact, the ongoing trade dispute could further escalate, with U.S. President Donald Trump threatening additional tariffs and the EU preparing to implement further measures.
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US to loosen rules on self-driving vehicles criticised by Elon Musk
The Trump administration is easing regulations for self-driving cars, notably allowing exemptions from crash reporting requirements, a shift pushed by Tesla's CEO Elon Musk. US Transportation Secretary Sean Duffy emphasized the need for a unified national standard to enhance innovation and safety in autonomous vehicle deployment. The National Highway Traffic Safety Administration (NHTSA) aims to streamline regulations while addressing concerns over transparency and safety, especially given ongoing investigations into Tesla's Autopilot system. Full Article
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