EU Summit Buzz: Von der Leyen Poised for Re-electionThe European Union (EU) leaders, amidst various disruptions such as the Russia-Ukraine war, U.S. presidential risks, and conflicts with China, are expected to reappoint Ursula von der Leyen as the next President of the European Commission. The leaders praised von der Leyen’s governance and focused on stability and continuity in these turbulent times. According to […]
China's EV Exports to Europe Hit by New Tariffs Starting JulyThe impact of European tariffs on Chinese electric vehicle (EV) companies will be implemented in July. According to the China Passenger Car Association (CPCA), retail sales of EVs increased 38.6% from the last year reaching 804,000 units. Cumulative sales in May were 3.249 million units with a 34.2% increase compared to the previous year’s performance. […]
Pork Politics: China's Latest Trade Move Against the EUChina announced on June 17 that it has launched an anti-dumping investigation into pork and pork by-products from the European Union (EU). The Chinese Ministry of Commerce has hinted at retaliatory measures, including countermeasures after the EU announced provisional measures to impose a tariff bomb on Chinese electric vehicles. The Chinese Ministry of Commerce announced […]
Is the Left-Wing Reign Over? European Markets Wobble as Far-Right Rises in EU ParliamentAnalysts predict that although short-term volatility is inevitable due to the right-wing shift in the European Union (EU), a gradual return to normalcy is expected as fundamentals recover. As anticipated, far-right parties made significant gains in the European Parliament elections held from June 6-9. Among individual countries, France saw the greatest expansion of far-right influence, […]
Meta Indefinitely Postpones AI Chatbot Launch Due to EU SanctionsThe launch of AI on the Meta platform has been postponed due to sanctions posed by the European Union (EU). Meta announced on the 15th that the launch of the Meta AI chatbot in Europe is delayed after the European regulatory authorities denied their plans to train large language models (LLM) with users’ posts. Meta […]
China Warns of Long-Term Impact on EU Economy from New EV TariffsIn response to the European Union’s (EU) announcement of imposing additional tariffs on Chinese-made electric vehicles (EVs), China has hinted at a strong countermeasure, stating that “this action will harm the interests of the EU.” According to Chinese media outlets on the 16th, the National Development and Reform Commission (NDRC), the department overseeing China’s economic […]
BYD Stock Surges Despite New EU TariffsAP Newsis NH Investment & Securities stated on the 14th that the stock price of BYD has surged despite Europe imposing additional tariffs on Chinese electric vehicles (EVs). The firm analyzed that the impact of these measures on earnings is projected to be limited, and attention should be paid to the company’s competitiveness. The European […]
Trade War Escalates As EU Slaps Hefty Tariffs on Chinese EVsAmid the European Union (EU) threatening to impose a tariff bomb of up to 48% on Chinese electric vehicles (EVs), China has embarked on the countdown for retaliatory measures. There are suggestions that retaliatory tariffs might be imposed on products including dairy and pork from the EU. On the 13th, the Spokesperson for the Ministry […]
Scandalous YouTube Prankster Won a Seat in the EU ElectionsA popular prank YouTuber has sparked controversy after being elected as a member of the European Parliament.
Was the EU Commissioner's Surprise Meeting with Israeli PM a Diplomatic Misstep?The meeting between EU Commissioner for Neighbourhood and Enlargement Oliver Varhelyi, Israeli Prime Minister Benjamin Netanyahu, and Defense Minister Yoav Gallant sparked controversy. Critics argue his actions as inappropriate, contrasting with the EU’s recent tough messages towards Israel. On the 29th, Varhelyi announced on X that “it was an honor to meet with Netanyahu to […]
Putin Unhappy with Western Nations' Support for Ukraine Striking BackAmid growing calls from Western countries supplying weapons to Ukraine to allow attacks on Russian territory, Russian President Vladimir Putin has warned that such a policy could lead to serious consequences. According to AFP and other reports, Secretary General of the North Atlantic Treaty Organization (NATO) Jens Stoltenberg reiterated during an interview with The Economist […]
U.S. Opposes European Moves to Criticize Iran at IAEA Amid Rising TensionsClaims have been raised that the Biden administration, ahead of the November U.S. presidential election, pressured European allies not to adopt a resolution condemning Iran’s nuclear program to prevent escalating tensions with Iran. The Wall Street Journal (WSJ) cited well-informed sources on the 27th (local time) that “When the UK and France announced their intention […]
Navigating Carbon Costs: Small Businesses in South Korea Face New EU Export ChallengesThe Ministry of SMEs and Startups held an EU Carbon Border Adjustment Mechanism (CBAM) Response SME Support Plan Announcement Meeting at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, on the 22nd. The CBAM, which has been on a trial run since last October, is a system that requires the purchase of certificates […]
Steel Showdown: U.S. Industry Braces for Surge in Chinese ImportsThere’s growing concern that the supply of low-cost steel from China will intensify. As global trade barriers against Chinese steel rise, analysts predict that China will increase its exports to Southeast Asia, including South Korea. The steel industry is accelerating its response measures, such as filing anti-dumping lawsuits. On the 20th, industry insiders reported that […]
EU Targets Meta: Possible Fines for Child Safety Violations on Social PlatformsMeta may face fines due to violations of the European Union (EU) content regulations. On the 16th (local time), the EU regulatory authority announced that social media sites Facebook and Instagram, platforms of Meta will be investigated for potential violations of EU online content rules related to child safety. Tech companies must make more efforts […]
Hungary Welcomes China's Investment: A Strategic Move Amid EU's ResistanceChinese President Xi Jinping (left) and Hungarian Prime Minister Viktor Orban. Photo: Xinhua/Yonhap ...
Macron, Xi, and Von der Leyen: A Trilateral Meeting of PowerFrench President Emmanuel Macron, Chinese President Xi Jinping, and Ursula von der Leyen, President of the European Commission, held a trilateral meeting on the 6th (local time) to discuss trade and the war in Ukraine. According to Yonhap News, Macron welcomed the two leaders at the Élysée Palace in the morning. He shared, “The international […]
Differences in China's Approach Strategy Between US and EUChina is attracting attention for its dual strategy in response to the oversupply issues raised by the United States and the European Union (EU). While it has announced the introduction of new tariff laws to counteract the high tariff measures of the West, it is sending love calls to the EU, with Chinese President Xi […]
Hildegard Müller Warns Against Trade Barriers with ChinaAccording to an interview article by China Daily on April 29, 2024, Hildegard Müller, the president of the German Association of the Automotive Industry (VDA), has stated that the European Union’s actions against Chinese electric vehicles, such as additional tariffs, will not resolve the challenges faced by the European automotive industry. The VDA did not […]
EU vs. Russia: Kremlin Stands Firm Against Sanctions on LNG TradeRussia has shown the will to overcome the sanctions imposed by the European Union (EU). The Kremlin in Russia announced on the 27th that it would find a way to overcome the illegal sanctions imposed by the EU on the liquefied natural gas (LNG) business. An EU official announced last Thursday that the EU Executive […]
EU Summit Buzz: Von der Leyen Poised for Re-election The European Union (EU) leaders, amidst various disruptions such as the Russia-Ukraine war, U.S. presidential risks, and conflicts with China, are expected to reappoint Ursula von der Leyen as the next President of the European Commission. The leaders praised von der Leyen’s governance and focused on stability and continuity in these turbulent times. According to […]
China's EV Exports to Europe Hit by New Tariffs Starting July The impact of European tariffs on Chinese electric vehicle (EV) companies will be implemented in July. According to the China Passenger Car Association (CPCA), retail sales of EVs increased 38.6% from the last year reaching 804,000 units. Cumulative sales in May were 3.249 million units with a 34.2% increase compared to the previous year’s performance. […]
Pork Politics: China's Latest Trade Move Against the EU China announced on June 17 that it has launched an anti-dumping investigation into pork and pork by-products from the European Union (EU). The Chinese Ministry of Commerce has hinted at retaliatory measures, including countermeasures after the EU announced provisional measures to impose a tariff bomb on Chinese electric vehicles. The Chinese Ministry of Commerce announced […]
Is the Left-Wing Reign Over? European Markets Wobble as Far-Right Rises in EU Parliament Analysts predict that although short-term volatility is inevitable due to the right-wing shift in the European Union (EU), a gradual return to normalcy is expected as fundamentals recover. As anticipated, far-right parties made significant gains in the European Parliament elections held from June 6-9. Among individual countries, France saw the greatest expansion of far-right influence, […]
Meta Indefinitely Postpones AI Chatbot Launch Due to EU Sanctions The launch of AI on the Meta platform has been postponed due to sanctions posed by the European Union (EU). Meta announced on the 15th that the launch of the Meta AI chatbot in Europe is delayed after the European regulatory authorities denied their plans to train large language models (LLM) with users’ posts. Meta […]
China Warns of Long-Term Impact on EU Economy from New EV Tariffs In response to the European Union’s (EU) announcement of imposing additional tariffs on Chinese-made electric vehicles (EVs), China has hinted at a strong countermeasure, stating that “this action will harm the interests of the EU.” According to Chinese media outlets on the 16th, the National Development and Reform Commission (NDRC), the department overseeing China’s economic […]
BYD Stock Surges Despite New EU Tariffs AP Newsis NH Investment & Securities stated on the 14th that the stock price of BYD has surged despite Europe imposing additional tariffs on Chinese electric vehicles (EVs). The firm analyzed that the impact of these measures on earnings is projected to be limited, and attention should be paid to the company’s competitiveness. The European […]
Trade War Escalates As EU Slaps Hefty Tariffs on Chinese EVs Amid the European Union (EU) threatening to impose a tariff bomb of up to 48% on Chinese electric vehicles (EVs), China has embarked on the countdown for retaliatory measures. There are suggestions that retaliatory tariffs might be imposed on products including dairy and pork from the EU. On the 13th, the Spokesperson for the Ministry […]
Scandalous YouTube Prankster Won a Seat in the EU Elections A popular prank YouTuber has sparked controversy after being elected as a member of the European Parliament.
Was the EU Commissioner's Surprise Meeting with Israeli PM a Diplomatic Misstep? The meeting between EU Commissioner for Neighbourhood and Enlargement Oliver Varhelyi, Israeli Prime Minister Benjamin Netanyahu, and Defense Minister Yoav Gallant sparked controversy. Critics argue his actions as inappropriate, contrasting with the EU’s recent tough messages towards Israel. On the 29th, Varhelyi announced on X that “it was an honor to meet with Netanyahu to […]
Putin Unhappy with Western Nations' Support for Ukraine Striking Back Amid growing calls from Western countries supplying weapons to Ukraine to allow attacks on Russian territory, Russian President Vladimir Putin has warned that such a policy could lead to serious consequences. According to AFP and other reports, Secretary General of the North Atlantic Treaty Organization (NATO) Jens Stoltenberg reiterated during an interview with The Economist […]
U.S. Opposes European Moves to Criticize Iran at IAEA Amid Rising Tensions Claims have been raised that the Biden administration, ahead of the November U.S. presidential election, pressured European allies not to adopt a resolution condemning Iran’s nuclear program to prevent escalating tensions with Iran. The Wall Street Journal (WSJ) cited well-informed sources on the 27th (local time) that “When the UK and France announced their intention […]
Navigating Carbon Costs: Small Businesses in South Korea Face New EU Export Challenges The Ministry of SMEs and Startups held an EU Carbon Border Adjustment Mechanism (CBAM) Response SME Support Plan Announcement Meeting at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, on the 22nd. The CBAM, which has been on a trial run since last October, is a system that requires the purchase of certificates […]
Steel Showdown: U.S. Industry Braces for Surge in Chinese Imports There’s growing concern that the supply of low-cost steel from China will intensify. As global trade barriers against Chinese steel rise, analysts predict that China will increase its exports to Southeast Asia, including South Korea. The steel industry is accelerating its response measures, such as filing anti-dumping lawsuits. On the 20th, industry insiders reported that […]
EU Targets Meta: Possible Fines for Child Safety Violations on Social Platforms Meta may face fines due to violations of the European Union (EU) content regulations. On the 16th (local time), the EU regulatory authority announced that social media sites Facebook and Instagram, platforms of Meta will be investigated for potential violations of EU online content rules related to child safety. Tech companies must make more efforts […]
Hungary Welcomes China's Investment: A Strategic Move Amid EU's Resistance Chinese President Xi Jinping (left) and Hungarian Prime Minister Viktor Orban. Photo: Xinhua/Yonhap ...
Macron, Xi, and Von der Leyen: A Trilateral Meeting of Power French President Emmanuel Macron, Chinese President Xi Jinping, and Ursula von der Leyen, President of the European Commission, held a trilateral meeting on the 6th (local time) to discuss trade and the war in Ukraine. According to Yonhap News, Macron welcomed the two leaders at the Élysée Palace in the morning. He shared, “The international […]
Differences in China's Approach Strategy Between US and EU China is attracting attention for its dual strategy in response to the oversupply issues raised by the United States and the European Union (EU). While it has announced the introduction of new tariff laws to counteract the high tariff measures of the West, it is sending love calls to the EU, with Chinese President Xi […]
Hildegard Müller Warns Against Trade Barriers with China According to an interview article by China Daily on April 29, 2024, Hildegard Müller, the president of the German Association of the Automotive Industry (VDA), has stated that the European Union’s actions against Chinese electric vehicles, such as additional tariffs, will not resolve the challenges faced by the European automotive industry. The VDA did not […]
EU vs. Russia: Kremlin Stands Firm Against Sanctions on LNG Trade Russia has shown the will to overcome the sanctions imposed by the European Union (EU). The Kremlin in Russia announced on the 27th that it would find a way to overcome the illegal sanctions imposed by the EU on the liquefied natural gas (LNG) business. An EU official announced last Thursday that the EU Executive […]
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