The Latest Breaking News from the European Commission

The US Federal Reserve has decided to keep its lending rate unchanged at the current 5.25-5.50 percent range and projected just one rate cut this year, despite soft inflation data. But first, the European Commission has informed China that it will impose new tariffs of up to 38 percent on…

The tariffs are aimed at countering the alleged state support handed to China’s car manufacturing industry

The European Union threatened on Wednesday to hit Chinese electric car imports with additional tariffs of up to 38 percent from next month following an anti-subsidy probe, a move that risks triggering a trade war.

Prime Minister Giorgia Meloni’s attacks on Italy’s cultural heritage – from libel suits against intellectuals to her government’s censorship of texts critical of Mussolini – have made headlines across Europe. Less attention, however, has been granted to the agricultural minister’s blows on the country’s natural heritage. Francesco Lollobrigida, who has…

The European Union is moving to hike tariffs on electric vehicles made in China

The spat over EVs is part of a wider trade dispute over Chinese state support for green technologies.

The European Union threatened on Wednesday to hit Chinese electric car imports with additional tariffs of up to 38 percent from next month following an anti-subsidy probe, a move that risks triggering a trade war.

The EU has escalated its trade war with China after placing prohibitive import tariffs on carmakers including BYD and Geely.

Several media outlets are reporting that the European Commission will notify carmakers this Wednesday that it will impose provisional import duties on Chinese electric vehicles next month. The move is based on a probe the EU has conducted amid accusations that Chinese carmakers benefit from an unfair advantage thanks to…

Company insiders said that Volvo would divert production of EX30 and EX90 to Belgium as Europe is expected to announce tariffs on Chinese EVs.

After the four-day, 27-state democratic marathon that is the European parliamentary election, a picture has emerged of a fragile centre just holding amid a shift to the right that carries a significant potential to shape the near future of the EU, despite having fallen short of producing the earthquake some…