EXCLUSIVE 'No one should underestimate the significance of this': REBECCA ENGLISH reveals King Charles' subtle move that's got royal sources whispering
Today's visit by King Charles and Queen Camilla to Ottawa will 'reinforce the power and the strength of the message' to that ' is not for sale'.
That was the message of the country's High Commissioner to the UK, Ralph Goodale, when they visited his Canada House headquarters in London last week.
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Auto Blog
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Trump Tariffs to Add $1,760 to New Car Prices in 2025
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Land Rover Defender 90 'A Big Wall of Cost' 'These tariffs bring a big wall of cost,' Mark Wakefield, the head of AlixPartners' auto practice said during an online briefing with reporters, with 'consumers taking the majority of the hit.' If there's any shred of a silver lining to the 2025 AlixPartners Global Automotive Outlook it's that we could see the White House continue to revise its tariffs on import autos and auto parts, even as it works up trade deals that. The consultancy anticipates this will eventually lower the sanctions from 25% to an average closer to 7.5%. Even Domestic Models Will be Impacted The White House has rolled out an assortment of new tariffs and has yet to fully lock down the rules, David Steinert, a partner in the AlixPartners auto practice, said during a follow-up interview with Autoblog. 'The tariffs have changed a lot over the last 60 days,' and will likely continue to be revised in the months ahead. 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Entry-Level Cars May Vanish as Costs Rise Automakers are expected to pass on about 80% of their tariff costs – though they won't do it uniformly, the AlixPartners study anticipates. 'Entry-level and mainstream cars will have less of a pass-through' than luxury and exotic models, explained Steinert. Automakers want to avoid driving budget buyers out of the new vehicle market. On the other hand, with 'higher-end brands, with customers who are less price-sensitive, more of the tariffs (will be) passed through.' In some cases, manufacturers may not find it worthwhile to absorb tariff costs. Nissan has already decided to dump the Versa, what is today the most affordable product line in the U.S., at the end of this year, according to Automotive News. Even some higher-end models could be dropped, said Steinert, if manufacturers find higher prices dry up sales. Luxury and Imported EVs Face Steepest Increases Battery-electric vehicles are seen as especially vulnerable, warned AlixPartners. 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Reuters
3 hours ago
- Reuters
Voice of America parent terminates over 600 more staff in likely death knell
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The Independent
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