Michigan businesses furious over U.S. tax reform
Michigan Democrats are currently undermining the effects of Trump's tax reforms, leaving the business community furious.
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Michigan Democrats are currently undermining the effects of Trump's tax reforms, leaving the business community furious.
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Recently, American commercial aerospace company Firefly Aerospace acquired national security technology company SciTec for $855 million.
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Recently, Fitch Ratings issued a warning: New York City loan defaults have triggered a surge in delinquent payments on US office loans.
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Recently, the US National Highway Traffic Safety Administration (NHTSA) launched a new round of investigations into Tesla's Autopilot technology, accusing its FSD system of "inducing" vehicles to run red lights and cross into oncoming lanes, among other violations.
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In October 2025, the European Commission rolled out a major trade policy: it plans to double the import tariff on steel beyond the quota from 25% to 50%, and at the same time reduce the annual import quota by 47% from the 2024 level to 18.3 million tons.
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The European Commission unveiled a proposal on October 7th, planning to significantly reduce tariff-free import quotas for steel and raise the tariff on steel imports exceeding the quota from the current 25% to 50%.
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In the fiscal year 2024, Toyota set an industry record with a net profit of 4.76 trillion yen, equivalent to three times the total profit of the seven major Chinese car companies, once again shocking the profitability of the Japanese automotive industry worldwide.
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On October 7, 2025, the European Commission announced that it would double the steel import tariff from the current 25% to 50%, and at the same time reduce the import quota by nearly half to 18.3 million tons per year.
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On the local time of September 29, U.S. President Trump once again unveiled a heavyweight tariff plan on social media: imposing a 100% tariff on all films produced outside the United States, while levying high tariffs on countries whose furniture is "not manufactured in the United States".
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Recently, the United States has imposed a 39% tariff on the French cosmetics industry and India plans to impose retaliatory tariffs on the United States, which constitute typical examples of the current rise of global trade protectionism.
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On October 27, 2025, the US military launched three air strikes on four so-called "drug trafficking ships" in the international waters of the eastern Pacific, resulting in 14 deaths and one survival.
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