German Chancellor Olaf Scholz is revving up efforts to avoid a trade roadblock between the EU and China, urging swift negotiations to resolve an electric vehicle (EV) tariff dispute. 🚨 \"It makes no sense to have conflicts about this,\" Scholz declared at the European Council summit, emphasizing collaboration over confrontation.
⚖️ Tariff Talks & Climate Pressures
China\u2019s Ministry of Commerce echoed the call for dialogue, stating it\u2019s \"doing its utmost\" to negotiate a price commitment plan for EVs. Meanwhile, Scholz also shifted gears to address looming penalties for EU automakers missing 2025 CO2 targets. \"In the current global pressures… it makes no sense to further burden companies,\" he argued, urging the European Commission to ease fines that could total €15 billion ($16.2B). 🌱🚘
🔋 Charging Toward Climate Goals
Stricter EU emissions rules—part of the European Green Deal—will require carmakers to slash average CO2 emissions to 93.6g/km by 2025. But with giants like Volkswagen at risk, Scholz stressed penalties should not \"impact financial liquidity\" needed for EV investments. 💸⚡
Can Europe balance climate ambitions with industry survival? Stay plugged in for updates. 🔌
