Tariff announcement from Brussels prompts Citroën and Fiat brand owner to move part of Leapmotor output
It now makes greater financial sense for Chinese EV makers to accelerate plans to place production in the EU
Stock of Tesla’s China rival rises as much as 9% following Brussels’ announcement of electric vehicle import duties
Brussels’ duties heighten trade tensions with Beijing but are unlikely to stop the advance of Chinese-made electric cars
Brussels acts against imports it says are heavily subsidised by Beijing despite German warnings move could spark trade war
A little bit of trade war, as a treat
There are excellent reasons why we may want to intervene in the economy but these taxes will rarely be the best way
Move comes as Brussels increases scrutiny of goods from world’s largest export economy
Key material for electric vehicle batteries has been neglected by industry to date, giving China almost 100% of market
Beijing’s focus on manufacturing has fuelled trade tensions with US and Europe
US tariffs on Chinese goods are the result of a highly complex ecosystem
Increase despite threat of higher tariffs on battery-run cars made in Asian country
Reduced number of international workers in country can lead to missed opportunities, increased risk and communication frictions
Also in this newsletter: Japan’s car scandal, Farage to stand as MP, election updates from Mexico, India and South Africa
The EU’s carefully calibrated disputes of the past have become clumsier
Investment increases in countries that offer alternative supply chain route to US
Markets push central bank for a weaker currency to reflect the gap in bond yields with the US
Revisiting Ricardo
‘Big Fund’ completes its largest round to date with makers of equipment for chip factories expected to be main beneficiaries
Domestic manufacturers are split over a commerce department investigation into alleged dumping
Anglo-Swedish drugmaker targets $80bn in revenue by 2030
Treasury secretary rejects Brussels claims of protectionist lurch by Washington
Also in this newsletter: is Austria’s top green politician a compulsive liar?
Hit ’em in the prawns
Peterson Institute says poorest Americans will suffer most if Republican wins election and raises levies as promised