Honda scraps 3 EVs planned for the US, blaming tariffs and Chinese competition

Honda has canceled three electric vehicles it was developing for the US market, blaming President Donald Trump’s tariffs and increasing competition from Chinese EV companies. Honda said Thursday that Trump’s tariffs have hurt the company’s gas and hybrid vehicle business, putting its overall automobile business in an “extremely challenging earnings situation.” With the “inability to…

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Strait of Hormuz must remain closed

Son of Iran’s Supreme Leader Ayatollah Ali Khamenei, Mojtaba Khamenei, attends a demonstration to mark Jerusalem day in Tehran. Morteza Nikoubazl | Nurphoto | Getty Images Iran’s new Supreme Leader Mojtaba Khamenei has said the closure of the Strait of Hormuz maritime passage should be continued as a “tool to pressure the enemy,” in his…

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