Chinese ambassador allegedly threatened German car industry if Huawei is frozen out

Volkswagen factory Wolfsburg Germany

The Chinese ambassador in Berlin has caused a new controversy that concerns the tech giant Huawei after he allegedly threatened “consequences” if it was excluded from Germany. Wu Ken’s comments – in which he indicated the importance of the Chinese market to Germany’s auto industry – came amid an intense debate regarding the company’s role […]

German auto sector could experience some decline if Trump announces tariffs


Germany’s automotive sector could drop as much as 12% over “three bad trading days,” if the US President Donald Trump imposes tariffs on European automakers, one analyst informed CNBC. Trump has until Friday midnight (Washington time) to decide if he should impose duties on auto imports. This would possibly damage Germany, the EU’s traditional growth engine, since […]