According to Bloomberg, after U.S. President Trump announced on February 10 that the United States would impose a unified 25% tariff on steel and aluminum imported from all other countries, the EU quickly responded strongly, saying it would adopt “firm and reciprocal” after U.S. President Donald Trump announced on February 10 that the United States would impose a unified 25% tariff on steel and aluminum imported from all other countries. The countermeasures mark a sudden rise in trade tensions between the United States and the European Union. On February 11, European Commission President Ursula von der Leyen issued […]
According to foreign media reports, Autoliv, the world’s largest supplier of seat belts and airbags, said the company will not bear any additional costs caused by US President Trump’s tariffs, and warned some auto suppliers It may suffer financially and may not survive. Trump has ordered a 25% tariff on cars, auto parts and almost all other products imported from Canada and Mexico to the United States, and a 10% tariff on products imported from China. If other countries take countermeasures, it will trigger the United States to further impose tariffs. Ottoliv’s chief financial officer Fredrik […]
According to Bloomberg, on February 8, the administration of U.S. President Trump announced a suspension of federal funding for electric vehicle charging networks, one of the first policies Trump has implemented since returning to the White House. The move aims to cut subsidies for electric vehicles while reducing U.S. government spending in related fields. According to a letter issued by the Federal Highway Administration, a subsidiary of the U.S. Department of Transportation, the agency announced the suspension of funding allocations for the U.S. National Electric Vehicle Infrastructure (NEVI) program. The plan mainly provides financial support for […]
According to the Financial Times, a senior European Parliament member revealed that the EU will propose to cut tariffs on U.S. imported cars as part of a deal to avoid a trade war with U.S. President Donald Trump. European Parliament Trade Commission Chairman Bernd Lange told the Financial Times that the EU is willing to reduce its current 10% car import tax to nearly 2.5% of the United States. “We can try to reach a deal before costs rise and tariff escalation,” Bernd Lange said, familiar with discussions within the EU on how to ease […]
According to foreign media reports, Tesla is facing fierce competition in the Chinese market. Tesla’s electric vehicle sales in China in January were 63,238, down 11.5% from 71,447 in the same period last year. This sales decline was directly reflected in its stock price, trading before the market on February 7. Tesla’s stock price fell about 1.5%. In contrast, Tesla’s Chinese rival BYD sold a total of 296,446 pure electric vehicles and plug-in hybrid vehicles in China in January, a year-on-year increase of 47%, showing a strong growth trend. In addition to BYD, sales […]
According to Bloomberg, US President Trump said on February 9 local time that he plans to impose a 25% tariff on all steel and aluminum products imported to the United States. This move is seen as another major upgrade of U.S. trade policy, which may have far-reaching impacts on global supply chains and the domestic energy industry in the United States. At present, the specific time of the new tariffs to take effect has not been clarified. It is worth noting that it is unclear whether Mexico and Canada, as important metal suppliers in the United States, will […]