The Latest Breaking News from Valdis Dombrovskis

Impact of tariffs demands ‘considerable downgrade’, to 0.9% this year and 1.4% in 2026, says European Commission

The EU on Monday sharply cut its eurozone economic growth forecast for 2025 because of global trade tensions sparked by US President Donald Trump's sweeping tariffs.

Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.

Beijing said Wednesday it had lodged a complaint with the World Trade Organisation over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.

China’s Commerce Ministry promises to take ‘all necessary measures’ to protect the interests of Chinese firms.

EU Trade Commissioner Valdis Dombrovskis reported positive progress in discussions with Chinese Commerce Minister Wang Wentao on Thursday. The talks come as China aims to negotiate an agreement with the European Union to prevent the imposition of high tariffs on electric vehicles (EVs) exported to EU countries.

The European Union has slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war. But company reps in both China and Europe are critical of the steps.

Higher levies on Chinese EV imports to come into force despite carmakers’ fears of retaliation

The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war.