China’s rare earth exports clampdown: Curbs backfire as local magnet makers reel from demand collapse; revenues plunge and inventories pile up despite US deal

China’s export restrictions on rare earths have disrupted the global auto supply chain, forced production halts by carmakers, and pushed US President Donald Trump back to the negotiating table—but at home, the curbs have dealt a fresh blow to struggling Chinese magnet makers.Beijing imposed the restrictions in April in retaliation for US tariffs, severely impacting…

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Drone industry growth outlook: India’s manufacturing potential may hit $23 billion by 2030; Defence and agri sectors seen as key drivers, says Nexgen report

India’s drone industry could help unlock up to $23 billion in manufacturing potential by 2030, driven by fast-growing demand from sectors such as defence, agriculture, logistics and infrastructure, according to a new report released by Nexgen Exhibitions.The report, based on a survey of 150 drone companies across 15 Indian cities, highlights a sharp rise in…

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Donald Trump’s tariff date set! New rates to likely come into effect from August 1; US to issue letters shortly

Trump, buoyed by recent legislative success and record-breaking US stock market performance, is wielding tariffs as an economic instrument. (AI image) August 1, 2025 – that’s the date on which tariffs for countries not finalising a trade agreement with the US will come into effect. US President Donald Trump intends to reveal trade agreements and…

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US stock market today: Wall Street slips ahead of Trump’s tariff deadline; Tesla tanks 6.5% as Elon Musk– Donald Trump feud roils investor sentiment

Wall Street started the week on a cautious note, opening lower on Monday as investors grew jittery ahead of a July 9 tariff deadline set by the Trump administration. The S&P 500 fell 0.4%, the Dow Jones Industrial Average dropped 102 points (0.3%), and the Nasdaq Composite lost 0.6% in early trading.The pullback came as…

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