The 20.7 per cent tariff is intended to apply to various Chinese producers, including Chery, Great Wall Motor Co, and NIO.

Tesla’s performance in China has been particularly impressive following a 15.3 per cent year-on-year sales increase in July.

China, the world’s largest oil importer, has been a source of concern for the oil market.

This hearing was requested by major brandy houses including Martell, Hennessy, and Remy Martin.

CATL is moving forward with plans to expand its operations in Europe, aiming to increase its presence in the region next year.

The anticipated increase in demand for charging infrastructure presents both challenges and opportunities.

Peru’s strategic engagement with China marks a significant shift in its economic landscape.

In a separate development, Tesla shareholders convened on Thursday for the company’s annual meeting in Austin, Texas.

He advocated for a strategy of trade stimulus over protectionism, particularly highlighting its importance for Germany’s export-driven economy.

The administration aims to protect American jobs from a potential influx of cheap Chinese imports with the tariffs set to take effect on August 1.