Economy

The election in the USA The electoral movement
The Fed issue divides the party: "No one has had the audacity"

Donald Trump is said to be working on a plan that would give him greater influence over the Federal Reserve, should he win the fall presidential election. But the issue of central bank independence is charged and dividing the Republican Party, writes Bloomberg.

At the same time, it has happened several times that American presidents pressured the central bank to pursue a more dovish policy, point out experts the news agency spoke to. Richard Nixon did it in the 70s and Ronald Reagan the same in 1984.

- We pretend like "God, this can never happen". But it's not like it hasn't been tried and succeeded before, says Beacon Policy Adviser partner Stephen Myrow and continues:

- It's just that it's always been done with evasions because no one has had the audacity. But audacity is not a problem for Trump.
 
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The electoral movement
Sources: DeSantis agrees to fundraise for Trump

Former bitter rivals Ron DeSantis and Donald Trump appear to have taken a first step toward burying the hatchet. According to the Washington Post, the two Republicans held a several-hour long and "friendly" meeting in Florida on Sunday.

During DeSanti's presidential campaign, which he ended in January, he managed to build a network of very wealthy donors. According to the data, he must have agreed to use the network to raise money for Trump's campaign.

In return, DeSantis gets on Trump's good side, something that could be a big advantage if the Florida governor decides to run for president in 2028.

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The development of electric cars
Musk in China to discuss "next step in cooperation"

Tesla CEO Elon Musk met Chinese Premier Li Qiang on Sunday during an unannounced visit to the country, reports AFP. According to Chinese state media, Li said China will always be open to foreign companies.

- China will continue to work hard to increase access to our market, Li is said to have said.

Ahead of the visit, sources told Bloomberg it was aimed at discussing the rollout of Tesla's self-driving car software in the country. In addition to Li, Musk is said to have met with the Chinese Chamber of Commerce to discuss "the next step in cooperation", according to state CCTV.

The visit comes amid an intense price war in the electric car market, where Tesla and a number of Chinese players are fighting for market share.

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The development of electric cars
Concerns in the electric car market – China continues to pressure prices

Electric car companies in China continue to push the envelope and increase their production and open new factories, despite the fact that supply now exceeds domestic demand, writes The Wall Street Journal. It creates concern in the electric car market because American and European competitors fear that it could lead to China exporting cars at heavy discounts, writes Nikkei Asia.

The development has prompted the EU to start investigating whether Chinese cars sold in the Union are subsidized and thus inhibiting competition. The US raised the issue of overproduction when Treasury Secretary Janet Yellen visited China earlier in April.

Tesla has recently lowered its prices and Elon Musk promised in connection with the company's report that the launch of cheaper models will be brought forward.