IlluMyFi

U.S. President-elect Donald Trump on Friday told the European Union it must reduce its trade gap with the U.S. through oil and gas purchases or face tariffs.“I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it is TARIFFS all the way,” Trump posted on his Truth Social platform shortly after 1:08 a.m. ET.According to U.S. figures, the country’s goods and services trade deficit with the European Union was $131.3 billion in 2022. The U.S. was the biggest recipient of EU goods in 2023, accounting for 19.7% of its exports.Trump made threats of sweeping tariffs on U.S. trading partners including China, Mexico and Canada a signature part of his presidential campaign — and he’s continued the narrative as he prepares to enter office.CNBC has contacted the European Union for comment.This breaking news story will be updated shortly.

Sentiment

-0.01

Bearish/Bullish

07.01.25 12:17

by nbcphiladelphia.com

BMW to install new ‘panoramic' display in all vehicles

BMW revealed its new Panoramic iDrive system, including windshield-length display, and BMW Operating System X during the CES tech show. The automaker said it will begin installing the features on all its new vehicles by the end of 2025. LAS VEGAS — BMW AG will install a new operating system and “panoramic” display in all of its upcoming vehicles, the company said Tuesday.The new BMW Panoramic iDrive system, which has a windshield-length display, is powered by the BMW Operating System X, the German automaker announced during the CES technology show. The features will begin rolling out before the end of the year, it said.The new display appears across the bottom of the windshield, an emerging trend in the automotive industry. The goal is to give drivers more information but allow them to keep their eyes on the road.“With this advance, we are giving one of the world’s best and most comprehensive infotainment systems even greater capability and once again setting the industry benchmark in multimodal interaction,” Frank Weber, who leads BMW’s vehicle development, said in a press release.The display appears similar to that of Ford Motor’s Lincoln brand, including in an SUV called the Nautilus that launched in 2024.The new BMW system also has a “multifunction steering wheel” that illuminates relevant buttons depending on how the vehicle is being used, BMW said.The system will begin rolling out internationally first, followed by the U.S. debut scheduled for mid-2026.