Tue, 21-Oct-2025

China’s car industry calls for 25% tariff on EU imports

China's car industry calls for 25% tariff on EU imports

Chinese car companies have called for import taxes of up to 25% on European Union rivals. Volkswagen, Porsche, and BMW declined to comment on the discussion. The Chinese government has criticized these decisions as protectionism and initiated its measures. According to the state media, Chinese car companies reportedly called on Beijing to impose import taxes … Read more

EU imposes a windfall tax of £120bn on energy sources

EU

Europe is imposing a windfall tax on energy companies. The EU intended to raise more than €140 billion. It would be distributed among its 27 member nations. In order to relieve the burden that this winter’s spike in costs is putting on people and businesses, Europe is imposing a windfall tax on energy companies. According … Read more