Europe news
fromwww.theguardian.com
14 hours agoEU faces China shock' as EV imports drive Beijing's record surplus with bloc
China's trade surplus with the EU reached $83bn in Q1 2026, driven by a surge in electric vehicle exports.
The Federal Trade Commission (FTC) is turning up the heat on auto retail advertising, and this time it wants dealers themselves to help do the policing. The agency is now looking to dealerships themselves to report or 'snitch' on each other, sparking debate across the industry.
In the European Union, consumers have a statutory right of withdrawal, allowing them to cancel an online purchase within 14 days of delivery without providing a reason, except for certain exceptions like personalized goods and perishables.
President Trump hates the United States' trade deficit. Indeed, he is so concerned about the "economic and national security risks" the deficit creates that he imposed a tariff regime that raised geopolitical tensions across the globe.The only problem is that his tariffs don't appear to be rebalancing the huge volume of goods and services the U.S. imports, versus its declining exports.
That's after Trump attempted to use the International Emergency Economic Powers Act for the first time as a vehicle for imposing tariffs, when he unveiled his "Liberation Day" duties last year. The tariffs were quickly challenged in court. While arguing the case last spring, Justice Department lawyers acknowledged that if the tariffs were deemed unlawful, then the government would issue refunds to the plaintiffs.