Nissan Sees Opportunities in Import Tariff Increases
Nissan, one of the world's leading automotive manufacturers, is turning its attention to changes in the tariff policy of the United States that could open new prospects for growth and enhance its competitiveness in the market. Recently increased levels of tariffs on imported vehicles and automotive parts may impact manufacturers' strategies, especially those relying on overseas supplies.
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Key Insights on Current Mortgage Rates in the USA
In the wake of economic changes, mortgage rates in the USA have reached levels that have become a significant topic of discussion. Data for the week ending April 17, 2025, indicated that the average rate for 30-year fixed mortgages has risen to 7.67%. This reflects growing interest in these figures, as they impact citizens' ability to purchase homes.
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MINI Abandons 2030 Electric Vehicle Goals
The MINI brand, owned by BMW, recently announced that it is abandoning its ambitious plans for a fully electric lineup by 2030. This decision has surprised many market observers, as the automaker was on a trajectory to expand its electric vehicle (EV) offerings and strive to become a more environmentally friendly player in the automotive market.
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US Corporate Bankruptcies Surge to Highest Levels Since 2010 in Q1
In the first quarter of 2023, corporate bankruptcies in the United States have reached a record level not seen since 2010. According to analysis from "Baker Hughes," there were 2,872 bankruptcies registered during this time, reflecting a 33% increase compared to the same quarter last year. This surge not only significantly exceeds the levels of previous years but also indicates potential difficulties many companies face under economic pressure.
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Trump's Tariffs as a Strategy for Achieving Beneficial Trade Deals
A well-known economist believes that Donald Trump's tariff policy can be viewed as a successful strategy for securing advantageous trade deals. Despite the criticism directed at his tariff-increasing policies, several experts point to potential long-term benefits for the U.S. economy.
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Trump Calls for Fed to Cut Interest Rates and Stop Playing Politics
Former US President Donald Trump has once again criticized the Federal Reserve (Fed) and its Chair Jerome Powell. On his social media page, he urged the Fed not to engage in politics and focus on the economy. According to Trump, high interest rates are negatively impacting economic growth, and it's time to lower them. He believes the Fed's economic policy is leading to increased unemployment and lowered consumer spending.
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Vice President JD Vance on Trump's Economic Policy
Vice President of the United States JD Vance recently stated that former President Donald Trump's economic policy is heading in a completely different direction than the course taken by the current administration. Vance emphasized that under Trump, the economy showed steady growth, reducing unemployment rates and maintaining high employment levels.
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Sharp Change in Mortgage Rates Amid Economic Fluctuations
Amid ongoing economic instability, mortgage rates in the U.S. have reached a new record of 7.37%, compared to 7.31% last week, marking the highest level since 2000. This surge has led to a 4% decline in mortgage applications week-over-week. The scarcity of affordable mortgage options amidst rising rates has compelled many buyers to hold off on purchases, exacerbating an already challenging housing market.
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CEO Bank of America Brian Moynihan Predicts No Interest Rate Cuts in 2023
Bank of America CEO Brian Moynihan expressed confidence that there will be no cuts in interest rates in the current year of 2023. During a recent interview, he noted that the economic environment in the country remains challenging, and it is expected that the Central Bank will continue to adhere to a tight monetary policy. According to him, rising inflation and complicated supply chains leave little basis for lowering rates in the near future.
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Nissan Is Not Giving Up on Infiniti: Prospects for the Premium Brand
Recent statements from Nissan's management indicate that the company is not looking to withdraw from the premium car segment under the Infiniti brand. Despite facing challenges in recent years, including declining sales and insufficient competition in the growing market, Nissan continues to invest in the development and renewal of this brand.
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