PRESS DIGEST- New York Times business news - July 24

Reuters
2025/07/24
PRESS DIGEST- New York Times business news - July 24

July 24 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- President Donald Trump's new trade deal with Japan sets a 15% tariff on Japanese car imports, giving them a competitive edge over vehicles from Canada and Mexico, which face a 25% tariff, drawing criticism from U.S. automakers.

- Target TGT.N will end its price-matching policy next week, discontinuing a program that allowed shoppers to buy items at lower prices if they found identical products listed cheaper at Amazon or Walmart.

- Southern California Edison EIX.N has launched a wildfire compensation program for victims of January's Eaton fire in Altadena, despite no official confirmation that the utility's equipment caused the blaze.

- Meta META.O introduced a wristband prototype that controls computers via hand gestures, allowing users to move cursors, open apps and write text in the air.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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