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Bessent says tariffs key to Trump plan, can help fund investment
Bessent says tariffs key to Trump plan, can help fund investment

US Treasury Secretary Scott Bessent said Tuesday that tariffs are a crucial part of President Donald Trump's economic strategy, asserting that they can be a source of government revenue to help fund investment. They are able to boost US industrial capacity, help improve national security, and can be "an important source of government revenue, which can help fund investments," he added.

Tesla shares slump 9% on disappointing Europe sales
Tesla shares slump 9% on disappointing Europe sales

Shares of the US electric vehicle pioneer Tesla slumped as much as nine percent Tuesday, as investors digested disappointing European sales and chief executive Elon Musk's aggressive foray into politics. Alongside its European struggles, Tesla also faces stiff competition from automakers like BYD in China -- a key market for electric vehicles.