Carmakers are holding thousands of vehicles at US ports and halting shipments to minimize the impact of Trump’s trade war, with some delaying entry and others suspending shipments to the US. Ports are nearing capacity, with Bremerhaven in Germany expecting to lose up to 50% of vehicle shipments to the US. Car manufacturers are uncertain about how tariffs will be applied and are temporarily holding cars in ports or seeking bonded warehouses to avoid fees.
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Von der Leyen tells Xi EU-China ties are at ‘inflection point’
European Commission President Ursula von der Leyen and European Council President António Costa conveyed to Chinese leader Xi Jinping that EU-China relations are at an "inflection point" due to trade imbalances and China's support for Russia amid the Ukraine war. Both sides emphasized the need for mutual solutions to longstanding issues as the summit marks 50 years of EU-China relations, overshadowed by tensions over trade and geopolitical concerns. Want More Context? 🔎
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