Tag: SHANGHAI
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Europe Enforces Stricter Tariffs on Chinese Electric Vehicles
Europe has imposed new tariffs on Chinese-made electric vehicles, with rates as high as 45%, prompted by concerns over subsidies from Beijing that have fueled Chinese competition. These tariffs aim to protect European automakers and maintain their economic stability amid rising threats from rapidly growing Chinese manufacturers. The move, however, has sparked fears of a…
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Global Markets Overview: U.S. Declines Amid Earnings Reports; Asia Feels the Pressure While Europe Gains
On October 31, U.S. markets dipped amid concerns over rising AI-related costs affecting major tech stocks. Despite positive earnings from Amazon and Apple, the overall sentiment was negative, leading to declines across major indexes. In Asia, Japan and Australia saw significant losses, while Europe showed mild gains. Crude oil prices rose over 2% due to…