The European Union has agreed to exempt Volkswagen’s Cupra Tavascan electric SUV from additional duties imposed on China made electric vehicles, marking a notable exception within the bloc’s broader trade measures aimed at protecting domestic manufacturers. The decision follows months of negotiations and
French government advisers are calling on the European Union to consider radical economic measures, including steep tariffs or a weaker euro, to counter what they describe as an accelerating wave of competitive pressure from China that threatens the core of Europe’s industrial base.
Europe’s trade deficit with China continues to grow, raising difficult questions in Brussels about whether the European Union is offering the kinds of goods China is most willing and able to buy. While Europe remains strong in several high value industries, analysts say
China’s youth unemployment rate has shown signs of easing, offering a measure of relief to policymakers concerned about job prospects for younger workers amid a slowing economy. While the improvement has been modest, officials and economists say it reflects the gradual impact of
