US automakers are facing uncertainty over new tariff rules, with General Motors withdrawing its earnings guidance and postponing an investor call due to unclear impact on financial outlook. The USMCA (United States-Mexico-Canada Agreement) allows manufacturers building cars in the US with 50% domestic content to pay tariffs only on 35% of imported parts for the first year, potentially benefiting companies like Skoda Auto, a subsidiary of Volkswagen.
https://www.ndtv.com/auto/president-trump-rolls-back-auto-tariffs-after-auto-firms-raise-alarms-8295147#pfrom=home-ndtv_autoUnion Commerce and Industry Minister Piyush Goyal has expressed his optimism about the future of the India-UK partnership, stating that he looks forward to tangible outcomes of their shared vision during a five-day visit to London, Oslo, and Brussels. He met with UK Secretary of State for Business and Trade JReynoldsMP and Secretary of State for FCDOGovUK DavidLammy at a joint business reception held at Lancaster House, where they discussed strengthening India's trade and investment relations with the UK, Norway, and the European Union.
https://www.lokmattimes.com/technology/looking-forward-to-tangible-outcomes-of-our-shared-vision-piyush-goyal-in-uk-2/Hillenbrand, a global industrial company, faces various risks and uncertainties affecting its business, including volatility in financial markets, cyber-attacks, labor shortages, climate change, and changes in environmental regulation. The company's recent acquisitions, such as the Schenck Process Food and Performance Materials and Linxis Group SAS businesses, may have negative impacts on its operations. Hillenbrand also faces competition from other industries, cyclical demand for industrial capital goods, and potential disruptions to its supply chain due to global trade policy changes and governmental instability in countries like Germany.
https://www.prnewswire.com/news-releases/hillenbrand-reports-fiscal-second-quarter-2025-results-302441785.htmlHuman Rights Watch is urging the US and other governments to strengthen their support for democratic change in Venezuela and hold President Nicolás Maduro accountable for the repression of dissent that intensified after last year's presidential election. The organization specifically asked the US to impose additional sanctions on Venezuelan government officials and security forces, as well as groups loyal to the ruling party linked to widespread human rights abuses following the disputed vote. Human Rights Watch also recommended that the US rescind an executive order signed by President Donald Trump in February imposing sanctions on the International Criminal Court for investigations into Israel. The group claims this could harm a current investigation by the court's prosecutor into potential crimes against humanity committed in Venezuela.
https://apnews.com/article/venezuela-represion-derechos-humanos-abusos-595fb27ab1661f9ad297d23e0445d96fThe Indonesian government will form three task forces to facilitate negotiations with the US on tariffs and employment. The Task Force for Job Opportunities and Layoff Mitigation will engage with workers, employers, and industry representatives to address layoffs comprehensively. Coordinating Minister Airlangga Hartarto reported significant progress in tariff negotiations, which were positively received by the US government. President Prabowo has emphasized the need for win-win solutions, ensuring equal benefits for both countries. The task forces aim to simplify regulations and create a more investor-friendly environment, with the goal of improving the investment climate and streamlining business permit processes.
https://en.antaranews.com/news/353493/indonesia-plans-to-forms-three-task-forces-to-tackle-us-tariff-issuesIndonesia is urging middle-income countries (MICs) to take a leading role in shaping a more equitable and sustainable world. Arrmanatha, a high-ranking official, emphasized the importance of collaboration platforms, policy reform, and increased intra-MIC trade to avoid being trapped in the "middle-income trap." Indonesia's development achievements are attributed to its commitment to structural reforms, fiscal management, and integrating Sustainable Development Goals (SDGs) into national policies. The country has also strengthened strategic bilateral cooperation with other nations, including the Philippines and Namibia, during a recent High-Level Conference of Middle-Income Countries in the Asia-Pacific region, led by Philippine Foreign Minister Enrique Manalo.
https://en.tempo.co/read/2002087/indonesias-strategies-for-navigating-middle-income-countriesIranian Foreign Minister Abbas Araghchi announced that the next round of negotiations with Britain, France and Germany will take place in Rome. The talks aim to revive the 2015 nuclear deal, which was abandoned when the US withdrew under Donald Trump's presidency. Iran has insisted that the focus should be on lifting sanctions, while the European trio threatened to reimpose them if no progress is made. The negotiations follow a previous round in Muscat, Oman, where both sides reported progress.
https://www.geo.tv/latest/602522-iran-says-next-nuclear-talks-with-us-set-for-saturday-in-romeJapanese Prime Minister Shigeru Ishiba is seeking advice on how to navigate talks with the US under President Donald Trump's administration, amid a national crisis over tariffs. The opposition parties are urging him to prioritize multilateral free trade, with CDP leader Yoshihiko Noda advocating for a strategy that emphasizes Japan's commitment to international cooperation.
https://www.japantimes.co.jp/news/2025/04/30/japan/politics/dealing-with-trump/Japanese Economic Minister Ryosei Akazawa met with US officials in Washington for tariff talks, emphasizing Japan's commitment to protecting its national interests while seeking a mutually beneficial deal. Akazawa cited losses of $1 million an hour by Japanese automakers due to the 25% tariff, highlighting the need for a solution that allows companies to export without incurring significant losses.
https://www.japantimes.co.jp/business/2025/04/30/economy/akazawa-tariffs-washington/