European Union foreign policy chief Kaja Kallas and U.S. Secretary of State Marco Rubio discussed the Ukraine war, Iran and China on Tuesday in their first phone call since the Trump administration took office on Jan.
The European Union needs to do more to keep up with the US and China, according to Economics Commissioner Valdis Dombrovskis.
Tesla is taking the EU to court over tariffs it imposed on imports of electric vehicles from China. The European Court of Justice published the case on its website on Monday morning. The US company follows BMW of Germany and several Chinese carmakers in filing claims.
The Trump administration is discussing a 10% punitive duty on Chinese imports. Trump said the EU also has troubling trade surpluses with the United States.
Tesla's Shanghai subsidiary is suing the European Commission over tariffs imposed on Chinese-made electric vehicles, escalating tensions between Elon Musk and the EU.
French ministers are calling for the European Commission to immediately suspend standards for car emissions on the grounds that the regulation benefits Chinese manufacturers and Tesla Inc.
Although Tesla is an American company, it builds Model 3s in Shanghai and exports them to Europe. According to The Financial Times, Tesla accounted for approximately 28% of all Chinese-made EVs imported to the EU in 2023.
Elon Musk’s Tesla and Bayerische Motoren Werke AG (BMW) have sued the European Union’s (EU) executive, adding to a flurry of cases by Chinese carmakers attacking tariffs peaking at 45% on imports of electric vehicles (EVs) into the bloc.
Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the European Commission said Monday.
German Chancellor Olaf Scholz on Tuesday divulged that the commission was considering an EU subsidy programme that he had proposed. The German government scrapped its own scheme abruptly in 2023, leading to a plunge in EV sales.
Tariffs on the US’s northern and southern neighbors would disrupt almost $1.5 trillion in trade, particularly impacting automakers. Knowing which companies will be affected by tariffs requires understanding where they source their materials.