Business and Technology
EU’s Decision on Chinese EVs and Germany’s Response
On Friday October 4, 2024, the European Union (EU) finished voting on the proposed tariffs on Chinese electric vehicles (EVs). While countries like Hungary and Germany vocally disagreed to this proposition, a majority of EU countries had already voted in favor of the tariffs. The tariffs are only the beginning of a potential long-lasting economic cold war between China and the West.
Testing Economic Alliances: The US and Europe fail to move past Trump-Era Tariffs
The United States and Europe have historically been close allies, sharing common values, strategic interests, and extensive economic ties. However, Biden’s reluctance to eliminate the existing trade tariffs imposed by the former Trump administration has caused a rift between the two economic powerhouses.
Elon Musk’s Twitter Must Abide by EU Rules to Continue Operating in Europe
This Friday, multi-billionaire tech mogul Elon Musk closed his $44 billion Twitter deal, prompting EU official Thierry Breton to warn Musk that Twitter must abide by EU standards regardless of Musk's ambitions for the platform.