American tech giants Tesla and Apple are suffering as they face intense competition from Chinese competitors. Elon Musk’s EV company reported a 55% drop in profit and 9% drop in first-quarter revenue Tuesday, its biggest year-on-year fall since 2012. Analysts began forecasting trouble for Musk’s EV empire after Tesla announced price cuts in China. Apple, meanwhile, saw a 19% dip in smartphone shipments to China this quarter, its worst performance since 2020, as it lost ground to local competitors like Huawei. Chinese smartphones are cheaper than iPhones, and have gained traction with more premium design and software features.
Secretary of the Navy Carlos Del Toro and senior members of his staff met with Wisconsin Governor Tony Evers, members of Michigan Governor Gretchen Whitmer’s cabinet, and the leadership of Fincantieri Marinette Marine to coalesce federal, state, and local initiatives to ensure timely completion and delivery of the Constellation-class frigate.
“Ohio knows all too well how China illegally subsidizes its companies, putting our workers out of jobs and undermining entire industries from steel to solar manufacturing,” Brown said in a statement. “We can’t wait for China to run this same playbook in the auto industry — we need strong rules, including but not limited to tariffs, to stop a flood of Chinese electric vehicles that threaten Ohio auto jobs.”
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He said the average price gap between a Chinese vehicle and its U.S.-made counterpart ranges from 44 percent to 179 percent. “That is a massive gap,” the executive said. “Tariffs alone aren’t going to take care of that.”
He said that such incentives have declined during the government led by President Andrés Manuel López Obrador, who took office in late 2018, although they have been offered to large investors such as Audi.
Vietnam’s “bamboo diplomacy” has allowed Hanoi to carefully enter strategic partnerships with the U.S. and China while maintaining its own independence and security, its foreign minister said Tuesday at a Brookings Institution event.
After decades of waging war against impoverished nations with destitute armies, or no standing armies at all, the US has suddenly found itself in a rapidly changing world where peer and near-peer competitors are outpacing it in military capabilities. Many of these capabilities are showing up on the battlefield in places the US has until recently enjoyed relative military superiority.
Hundreds of stakeholders gathered in Kingston, Georgetown for the first day of this year’s Guyana Energy Conference and Supply Chain Expo on Monday.
And as the conference opened with rousing presentations on Guyana’s exciting economic prospects, there were calls for the United States of America and the wider international community to continue supporting the country’s sovereignty.
Ms. Cat’s Chronicles 
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