President Donald Trump announced a 25% tariff on imported cars and light trucks, effective next week. This move is expected to increase car prices and reduce production. Critics, including the European Commission and Canada, condemn the tariffs, while the United Auto Workers support them. Tariff exemptions apply temporarily to USMCA-compliant automotive parts.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires