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As of September 2024 (TTM), EU car exports to China totaled €12.8 billion, while imports from China surged to €16.2 billion. After a spike in the early 2010s, EU car exports to China had remained largely stable until 2024, with a 12% decline from Q1 2021 to Q3 2024. In contrast, imports of Chinese cars to the EU skyrocketed by 650% over the same period. The EU implemented significant tariffs on Chinese-made electric vehicles (EVs) in October 2024, with rates reaching up to 45.3%. The tariffs vary depending on the manufacturer: foreign vehicles such as Tesla face a 7.8% tariff, Chinese carmaker Geely is subject to an 18.8% tariff, and state-owned SAIC faces the highest tariff at 35.3%. submitted by /u/Pllover12 |
TKL: The “Fed pivot” is officially DEAD – Stocks are crashing after the US added nearly 100,000 MORE jobs than expected in December. The unemployment FELL to 4.1% just after the Fed said the labor market was “weakening.” So, why are stocks crashing? Let us explain.
To begin, the US economy added 256,000 jobs in December, or 92,000 MORE than expected. On average, the US economy