Butler for Texas

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Trump Administration to Begin Refunding $166 Billion in Tariffs The government will debut a system to repay importers two months after the Supreme Court struck down tariffs at the heart of the president’s trade policy.

The president of Mexico is on this year’s TIME100.

“Mexican President Claudia Sheinbaum began 2025, her first full year in office, with pressure from all sides,” writes journalist and author Ioan Grillo.

“Trump, then the U.S. president-elect, had threatened to slap tariffs on Mexico and launch American military strikes into its territory upon re-entering the White House.

“Super-violent gangsters ran fentanyl and human smuggling over the Rio Grande. And her domestic critics claimed she would be overshadowed by her crusading predecessor, Andrés Manuel López Obrador.

“The way Sheinbaum, a scientist and former Mayor, handled this onslaught is a lesson in diplomacy.”

See who else made the list: https://time.com/collection/100-most-influential-people/2026/?utm_source=facebook&utm_medium=social&utm_campaign=rolex&utm_content=160426&filters=Leaders

In partnership with Official Timepiece ROLEX

China's BYD officially overtook Tesla as the world's top seller of battery-electric vehicles (BEVs) in 2025, selling over 2.25 million units compared to Tesla's 1.64 million, as detailed in reports from the BBC and CNBC. BYD's growth was driven by a ~28% sales increase, while Tesla faced declining deliveries for the second consecutive year.

Key Factors in the Shift
• Sales Numbers (2025): BYD sold over 2.25 million electric cars, while Tesla delivered 1.64 million.
• Market Growth: BYD (Build Your Dreams) gained the upper hand due to rapid, affordable, and diverse vehicle lineups (from compact cars to luxury sedans), expanding rapidly in global markets, according to The Guardian.
• Tesla's Challenges: Tesla’s sales fell roughly 9% due to rising competition from Chinese rivals, controversies surrounding Elon Musk's political activities, and a slower product cycle, as reported by the BBC.
• Market Positioning: While Tesla focuses on premium vehicles like the Model Y/3 and Cybertruck, many of BYD's offerings are priced closer to traditional petrol cars, boosting mass-market appeal.

Industry Impact
• Shift in Power: The overtaking marks a significant shift in the EV sector, with USA Today highlighting it as the first time BYD has outpaced Tesla in annual sales, after Tesla had previously led the market.
• Global Expansion: BYD has expanded aggressively into international markets, including Europe and South Korea, where the Ked Global noted the BYD Atto 3 has become a best-selling import.
• Competitive Landscape: Despite the shift, some Reddit users note that Tesla and BYD cater to different market segments.

While BYD led in pure battery electric vehicles in 2025, both companies continue to compete for global dominance as the automotive industry shifts toward electric, with BYD also producing a large volume of plug-in hybrids.

Source: BBC

China's BYD overtakes Tesla as world's top EV seller It marks the first time the Chinese firm has outpaced its American rival for annual sales.