Global Trade
What policy changes are making it easier for Tesla to enter the Indian market?
India has significantly reduced the basic customs duty on high-end electric vehicles priced above $40,000 from 110% to 70%. This policy change has created a more favorable environment for global EV manufacturers like Tesla, which had previously held back from entering the Indian market due to the prohibitively high import duties. The reduction in customs duties comes at a strategic time for Tesla, which is facing its first annual drop in EV sales in over a decade. India, with its largely untapped EV market, presents a potential new growth avenue for the company as it looks to expand its global footprint.
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WION
00:48 - 01:18
Why is Trump concerned about BRICS and how does it potentially threaten US dollar dominance?
Trump has declared BRICS 'dead' while threatening 100% tariffs on its members due to concerns over de-dollarization efforts. His reaction stems from BRICS' growing economic influence, now representing over 31.5% of global GDP (surpassing G7's 30%), and its potential to reduce dependency on the US Dollar for international trade and reserves. The expanded BRICS alliance—now including Egypt, Iran, UAE, and Ethiopia, with Saudi Arabia considering membership—represents a significant shift in global economic power dynamics. This coalition could potentially diminish the dollar's historical dominance in global finance, which explains Trump's strong opposition to the group.
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WION
00:01 - 02:03
What is the basis of the dispute between China and the Philippines over the Scarborough Shoal?
The dispute centers on conflicting sovereignty claims. China asserts that a Philippine plane intruded into its airspace over Scarborough Shoal, violating Chinese sovereignty. China claims jurisdiction over nearly the entire South China Sea, including this contested shoal area. This territorial dispute has significant implications as the South China Sea is a vital waterway that facilitates more than $3 trillion of annual shipborne commerce. The tensions highlight the ongoing struggle for control in this strategically important region, with both nations asserting their territorial rights through military and coast guard activities.
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WION
00:47 - 01:09
Why is Donald Trump concerned about BRICS and declaring it 'dead'?
Trump is concerned about BRICS primarily because of de-dollarization efforts - attempts by member countries to reduce dependency on the US Dollar for international trade and reserves. This perceived threat to dollar dominance prompted Trump to declare BRICS 'dead' and threaten 100% tariffs on its members. BRICS has expanded beyond its original five nations to include countries like Egypt, Iran, and the UAE, now representing over 31.5% of global GDP, surpassing the G7's 30%. This economic influence threatens US financial hegemony, though many BRICS members maintain strong ties with Western nations while seeking to reform the global financial system.
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WION
00:01 - 02:03
How did the Khimji family establish themselves in Oman?
The Khimji family's establishment in Oman began with the speaker's great-grandfather, who was a Dhow captain sailing between India and Africa transporting spices. During one of his voyages, he stopped in Muscat, Oman for provisions like food and water. Instead of continuing his journey, he made the life-changing decision to remain in Oman, instructing his crew to continue without him. This spontaneous decision in the late 1800s marked the beginning of the Khimji family's presence in Oman, eventually growing into one of the prominent Indian-origin merchant families in the country.
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WION
01:05 - 01:26
How is India emerging as a solution to aerospace manufacturing challenges?
As Western manufacturers grapple with production caps and labor shortages, India is increasingly being recognized as a reliable, cost-effective solution to global aerospace supply chain challenges. The country's aerospace sector is gaining prominence as it offers manufacturing capabilities that help address the constraints faced by traditional Western producers. India's growing role is further strengthened by a shift in the country's position within global supply chains. This evolution is supported by both industry needs and government initiatives to enhance local manufacturing capabilities, positioning India to potentially increase its market share from 1% to 10% of the global aerospace supply chain by 2033.
Watch clip answer (00:18m)
WION
01:42 - 02:00