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illuminem summarises for you the essential news of the day. Read the full piece on POLITICO or enjoy below:
🗞️ Driving the news: U.S. President Donald Trump has announced a 25% tariff on imported cars, triggering a sharp response from European Commission President Ursula von der Leyen
• The move marks a major escalation in Trump’s global trade war, with the European auto industry particularly affected
• Von der Leyen warned that the EU is prepared to protect its economic interests if necessary.
🔭 The context: Since returning to office, Trump has pursued an aggressive protectionist agenda, threatening tariffs on allies and adversaries alike
• The European car sector, a key economic pillar for several EU countries, now faces major cost pressures
• The EU has previously sought negotiated trade solutions but is signalling readiness to retaliate if needed
🌍 Why it matters for the planet: Trade wars can disrupt the clean energy transition by hampering the flow of electric vehicles and sustainable automotive technologies
• Increased tariffs may shift focus away from innovation and emission reductions toward market protection
• Such disruptions threaten broader EU goals on climate neutrality and sustainable industry
⏭️ What's next: The EU is assessing the full impact of the tariffs and may introduce countermeasures
• A broader trade conflict could emerge, impacting transatlantic cooperation on green tech and supply chains
• Diplomatic negotiations may intensify to avoid further escalation
💬 One quote: "The EU will continue to seek negotiated solutions, while safeguarding its economic interests." – Ursula von der Leyen, President of the European Commission
📈 One stat: The U.S. imported $214 billion worth of passenger cars in 2024
See here detailed sustainability performance of companies like Volkswagen and BMW
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