Germany and France have urged the European Union to give the European Commission the power to fully cut off access to the single market if a third country destabilizes trade. The proposal is set out in a joint letter from Chancellor Friedrich Merz and President Emmanuel Macron to European Commission...
Trump announces creation of an “AI Force”
S. President Donald Trump has announced the formation of a new structure — the AI Force. According to him, it is meant to develop the industry and oversee it without holding back technological growth. The White House chief wrote about this on Saturday on Truth Social. He compared the planned...
Italian automakers’ association calls on EU to impose 80% tariff on Chinese cars
The president of Italy’s automotive industry association ANFIA, Roberto Vavassori, has urged the European Union to impose an 80% tariff on Chinese-made vehicles and auto components imported above a set quota. Under Vavassori’s proposal, Chinese imports into the EU should remain duty-free up to a level equivalent to 8% of...
EU risks losing around 300,000 industrial jobs by the end of 2026
The European Union could lose about 300,000 jobs in manufacturing by the end of the year because of intensifying competition from China. That warning came from Eurometal, a leading European steel and metals trade association. According to the group, job cuts will accelerate unless Brussels stops the “colonisation” of European...