FOX Business Briefs 7/10
Delta’s upbeat outlook dimmed by economic turbulence; Costco sales jumped in June; Volkswagen’s EV bus is a flop; FIFA opens office in Trump Tower; MLB to use robot umpires during All-Star game on FOX.
Trump pledges 50% tariff on copper imports
President Donald Trump has announced that the U.S. will impose a 50% tariff on imported copper, marking a significant escalation in his broader tariff policy aimed at Copper tariff of 50% announced by Trump during cabinet meeting discussion critical U.S. industries.
Federal judge orders Trump admin to release EV funds signed by Biden to states
A judge said President Trump exceeded constitutional authority by freezing former President Joe Biden's $5 billion electric vehicle infrastructure program.
How 'common sense' is even returning to California
Rep. Kevin Kiley, R-Calif., weighs in on President Donald Trump ending California's plan to ban gas-powered cars by 2035 on 'The Bottom Line.'
Trump reveals the 'surprising' moment his friendship with Musk began to unravel
Former confidants Donald Trump and Elon Musk's relationship deteriorated after Musk's departure from the Department of Government Efficiency and criticism of Trump's tax bill.
Auto stocks mixed after Trump signs rollback of California EV mandate
President Trump signed legislation a law California's electric vehicle mandate, which 11 other states adopted and would have required 100% zero-emission cars by 2035.
Trump on when Elon Musk ‘got a little bit strange’
President Trump explained how Tesla CEO Elon Musk was in the loop about plans to abolish the EV mandate.
Trump says he's 'very disappointed' in Elon Musk for opposing 'biggest tax cuts in history'
President Donald Trump said he's disappointed in Elon Musk's criticism of Republicans' tax cut bill, saying Musk is upset about EV mandate cuts while Musk slammed the bill's impact on deficits.
EV tax credit elimination: What it could mean for Tesla and the US auto industry if it ends
While eliminating the electric vehicle tax credit would likely lead to a drop in EV sales and production, Tesla sales would probably remain largely unaffected, one expert says.
What's next for Tesla as Musk departs Trump White House
Tesla CEO Elon Musk's role with the Trump administration ended on Wednesday and will be able to focus more time on Tesla, as the company has faced headwinds this year.
Volvo to cut 3,000 jobs amid Trump tariff fight
Volvo is looking to lower costs by cutting thousands of jobs, they announced on Monday. Most of its production based in Europe and China.
Toyota unveils hybrid-only 2026 RAV4: See the SUV inside and out
The 2026 Toyota RAV4 offers hybrid and plug-in hybrid models with improved power, three new designs, and advanced multimedia and safety features.
Bans on gas-powered cars ‘lack common sense,’ GOP lawmaker argues
Sen. Shelley Moore Capito, R-W.Va., discusses Republican efforts to reverse Biden-era electric vehicle mandates on ‘Kudlow.’
EPA 'slush fund': Biden admin doled out $20B to nonprofits, reporter says
The Free Press reporter Madeleine Rowley breaks down how the Biden administration gave $20 billion to eight nonprofits despite reviews flagging conflicts of interest on 'The Bottom Line.'
Fox Business Briefs 5/7
Disney earnings boosted by theme park growth; Weight Watchers files for bankruptcy; EV sales decline in U.S.; Netflix drops 'Squid Game' season 3 trailer.
Congress takes on California's scheduled gas car ban
California's push to phase out and ban sales of gas-powered vehicles by 2035 is facing a challenge from Congress as auto and energy industry critics question the plan's feasibility.
Trump’s tariff blitz now exempting electrical goods like phones, laptops
The Trump administration is excluding imported smartphones, laptops, and other electronics from reciprocal tariffs — a decision expected to ease consumer concerns and deliver a win for major tech companies.
US Oil & Gas Association president buys Tesla vehicle as his way of 'protesting against the protesters'
The head of a major U.S. oil and gas lobby organization has purchased a Tesla electric vehicle, he told FOX Business on Monday.
Tesla's first-quarter deliveries fall amid slow demand, Musk controversy
Tesla's first-quarter deliveries came in below analysts' expectations and represented a decline of 50,000 vehicles from a year ago, as CEO Elon Musk's political role has drawn protests.
Hyundai's 'first-ever, 3-row' EV under production at new Georgia plant
Hyundai celebrated the grand opening of its "Metaplant" in Georgia this week, and the automaker's first-ever, three-row electric SUV is being produced there.