BREAKING: President Trump is set to reduce tariffs on automobiles imported from Canada from 25% to 15% as part of a broader trade deal with the country, per Bloomberg. Details include: 1. Currently the US has imposed a 25% tariff on the non-US content of vehicles produces in Canada 2. The same content provision will apply to the new 15% rate 3. US and Canadian negotiators have reportedly discussed whether to widen the exemption to include additional content, though no firm decision to do so has been reached The US-Canada trade deal appears to be materializing.

Speed. Height. Staying power. OCI revealed how the DS Automobiles @SailGP Team France delivered a standout final performance through real-time insights. Now we’re ready to do it all again in Sassnitz.

China’s retail sales of consumer goods climbed 1.2% in the first seven months from the same period last year to CNY28.78 trillion (USD4.27 trillion), the NBS said today. Excluding automobiles, the figure advanced 2.7% to CNY26.51 trillion (USD3.93 trillion). Retail sales of consumer goods edged up 0.6% to CNY3.9 trillion (USD578 billion) in July.

MEMORY COULD STOP BEING A CYCLICAL STOCK -$MU still trades like a cyclical at a 6-10 PE, but he thinks it can rerate to a structural multiple of 15-20x -@MichaelSikand analogy: oil for lamps vs oil for automobiles. Same product, completely different setup -Says the run was healthy, not stretched, if you actually understand the memory trade

China's exports surged in June, buoyed by orders for chips to fuel the global AI boom and automobiles, deepening producers' reliance on overseas buyers as it continued to grapple with ‌how to boost demand at home. More here:

In 1904, Henry Ford helped put the world on wheels. In a factory in Detroit, @Ford didn't just create a better automobile. He transformed the way automobiles were made. Using standardized parts and innovative manufacturing techniques, Ford reduced assembly time from twelve hours to just ninety-three minutes. The Model T that emerged changed history, turning the automobile from a luxury item into a practical and affordable product for ordinary families. Technology changes the world when it becomes accessible to everyone, not just a few. It is the same idea that helped put a computer on every desk and in every home. And it is how we think about the cloud and AI today. Stay tuned for Episode 4 on Monday: Nonprofits empower a nation of problem solvers. See the full series: @Microsoft @America250

The auto industry helped build our middle-class & was essential in our war fighting efforts. Now China is using automobiles as a weapon to infiltrate America, destroy our manufacturing base, & spy on us. We will hermetically seal the US from Chinese predators once & for all.