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Trump last week announced a 25% rate on Indian exports. He also threatened more duties if India continued to buy oil from Russia.

The  iX3 SUV will be the first of 40 new or updated models. “We’re 109 years old, and it’s by far the biggest single investment into one architecture we’ve ever done,” CEO Oliver Zipse said.

The new facility is expected to open in 2027 and will provide 1,000 full- and part-time jobs when fully operational. Since 2010, the company has brought 4,000 jobs to Arkansas.

Under the terms agreed with Washington, the 27-nation bloc faces a 15% U.S. tariff on most of its exports. That rate would also apply to cars rather than the current 25% level.

A judge in December reaffirmed an earlier ruling that Tesla must revoke Musk’s multibillion-dollar pay package.

The move could lower oil and gasoline prices amid low oil inventories, and follows an OPEC+ decision in July to boost production by 548,000 barrels per day in August.

Iowa biodiesel retailers were awarded the lion’s share of $1.12 million in state grants to boost their biofuel capacity through new and expanded infrastructure projects.

Farmers will soon start feeling the impact from President Donald Trump’s tariffs in the form of higher prices for the machines used to plant, treat and harvest fields.

Tesla was told by a jury to pay $329 million in damages over a 2019 Autopilot crash in Florida that killed a young woman and seriously injured her boyfriend.

Trucking and logistics companies react to President Donald Trump's sweeping round of tariffs on dozens of trading partners announced Aug. 1.