TradeHighReportedAccelerating
7.2
EU shifts to offensive trade stance as China deficit widens; Germany drops appeasement
Le SoirSRC LO·DE · ES · CN·about 13 hours ago
Paris and Berlin reached a deal on the EU's 'Made in Europe' subsidy programme and combustion engine phaseout, and will allow UK participation if it aligns with EU tariffs on Chinese EVs. This signals a potential shift in EU-UK trade relations and could impact the European automotive sector and supply chains.
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France and Germany have reached a bilateral compromise on EU automotive policy, signaling a potential reversal of the bloc's 2035 combustion engine ban and the implementation of stricter 'Made in EU' rules. While the agreement between the two largest EU economies is confirmed, specific details and formal EU approval remain uncertain, indicating a medium confidence level in the precise policy outcomes.