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Apple's iPhone 16 series launched on September 16, 2024, but the highly anticipated AI features, branded as Apple Intelligence, will not be available until October. Early pre-order sales have declined by 12.7% compared to the previous year's iPhone 15, raising concerns about the device's competitiveness against rivals like Huawei.
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The Biden administration has proposed new regulations to ban Chinese and Russian software and hardware in connected vehicles, citing national security risks. The rules aim to prevent foreign adversaries from accessing sensitive data and manipulating vehicles on US roads, with implementation planned for model years 2027 and 2030.
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On October 4, 2024, the EU voted to impose tariffs of up to 45% on Chinese electric vehicles (EVs) due to concerns over unfair subsidies. This decision aligns with a broader strategy to protect European automakers and follows a year-long investigation into China's trade practices. The tariffs will take effect on October 31, 2024.
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Tesla has removed its Standard Range Rear-Wheel Drive Model 3 from its website, raising the entry price for its vehicles. This decision comes amid rising tariffs on Chinese EVs and a shift in focus towards the Long Range Model 3. Analysts view this as a strategic move in a competitive market.
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China has announced tariffs of up to 39% on EU brandy imports, escalating trade tensions following the EU's decision to impose tariffs on Chinese electric vehicles. The move has led to significant stock declines for major European brandy producers and raised concerns about retaliatory measures affecting other sectors.