Shigeru Ishiba has expressed strong backing for former U.S. President Donald Trump’s announcement of a massive trade deal framework, calling it an exciting development in global economic cooperation and potentially strengthening U.S.-Japan trade relations. At a press briefing in Tokyo on Tuesday, Ishiba declared the announcement a significant step in regional and global trade stability and pledged his country’s cooperation in expanding economic alignment between Japan and the U.S. “We applaud former President Trump’s bold initiative; trade is vital to both economies, so any steps toward decreasing friction or expanding collaboration must be welcomed with open arms,” stated Ishiba. Trump’s...
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Tesla Rejecting Indian Manufacturing Incentives
Tesla Inc. announced on June 2 that they have decided against setting up manufacturing operations in India despite efforts by the Indian government to attract foreign EV manufacturers through an incentive scheme. Union Minister for Heavy Industries H.D. Kumaraswamy disclosed this news, noting that Tesla only wants showrooms open so as to sell imported vehicles; not for local production facilities to be set up locally.hindustantimes.com or timesofindia.indiatimes.com were available as sources.+8The Indian government recently unveiled a policy designed to facilitate domestic EV manufacturing. Under this scheme, foreign automakers investing at least $486 million (approximately Rs4,150 crore) within three years in...