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Lifting tariffs on goods may make sense: Gina Raimondo

  Bloomberg President Joe Biden’s commerce chief said it “may make sense” to lift tariffs on some goods as a way to tame the hottest inflation in almost four decades. “Steel and aluminum — we’ve decided to keep some of those tariffs because we need to protect American workers and we need to protect our steel industry; it’s a matter ...

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Apple supplier BYD aims to make tablets in Vietnam this month

Bloomberg Apple Inc supplier BYD plans to begin commercial production of iPads this month in northern Vietnam after a trial run started in May, according to a provincial government official. The production of the tablets is a boost for a country expected to benefit as electronics manufacturers seek alternatives to China. “The factory has been running a trial phase since ...

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Carro buys stake in Indonesia’s MPM Rent

  Bloomberg Carro, one of Southeast Asia’s biggest online marketplaces for used cars, has agreed to buy a 50% stake in Indonesian automotive financing and rental company MPM Rent for S$75 million ($54.5 million) to expand in the world’s fourth most populous country. The deal will lead to a strategic partnership between Carro and PT Mitra Pinasthika Mustika Tbk, which ...

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