Tag: MARKETS
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Navigating Trade Waters: Europe’s Sharp New Tariffs on Chinese Electric Vehicles
The European Union has enacted higher tariffs on electric vehicles from China due to concerns over unfair subsidies and the rapid increase of Chinese EV market share in Europe. The tariffs range significantly based on manufacturer, with notable implications for jobs and competitive pricing. While China has responded critically to these actions, the EU aims…
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Mixed Fortunes in European Markets as UK Banks Rally on Budget
European markets fell 1.2% as tech stocks plummeted, yet UK banks rose following the Labour government’s budget which avoided new taxes on the sector. The budget included £40 billion in new tax increases aimed at balancing public finances. Germany’s inflation surged to 2.4%, and while the euro zone economy grew at 0.4%, concerns lingered over…