Browsing: tariffs

U.S. battery manufacturing is growing while key materials still come from China. In 2025, China produced over 80% of the world’s battery cells. It also accounted for roughly 85% of cathode active material and more than 90% of anode active material. According to the International Energy Agency, these figures were reported in its 2026 global electric vehicle outlook. Chinese manufacturers supplied nearly three-quarters of global electric vehicle battery deployment in 2025, with their industrial scale extending from mineral processing to finished cells and manufacturing equipment. While the U.S. has increased its battery manufacturing capacity at a faster rate in percentage terms, it remains significantly dependent on imported raw materials. In 2025, the United States reported 100% net import reliance for natural graphite. China has been among its top graphite suppliers over the previous four years, with Chinese processors dominating the market for battery-grade graphite production. China maintains control over the most critical segments of the battery supply chain.

Porsche to cut 5000 more jobs under restructuring plan after reaching agreement with German labor unions, data confirms.

China plans visa-free entry for British travelers for trips up to 30 days, the UK says, after Prime Minister Keir Starmer met President Xi Jinping in Beijing Friday.

US consumers reported higher inflation expectations and weaker job confidence in December, reflecting rising price concerns and growing caution despite steady unemployment.

U.S. stocks declined as Trump’s tariffs led major firms to withdraw guidance, fueling market uncertainty and pulling down AI and tech stocks.

Over $3.6 trillion in market value has been erased since Trump returned to office, as confidence in U.S. economic leadership begins to falter.

U.S. consumer confidence sinks to early pandemic levels as inflation and tariffs fuel recession fears among Americans.

President Trump’s push to oust Fed Chair Powell drew warnings from CEOs and spurred a brief market rally after his reversal.

Trump’s tariff reversal boosts bitcoin to $82K, with crypto markets posting sharp gains after steep early-week losses.

The European Commission has proposed a zero-tariff deal on industrial goods to the US, aiming to ease trade tensions as Trump’s tariffs on EU imports take effect.