Germany, the EU’s leading car exporter, is expected to be hardest hit by the tariffs. Car shipments to the US were worth €25.2 billion in 2024, followed by Italy (€3.4 billion) and Slovakia (€3.1 billion)
The EU had initially set a deadline of June 30, 2023, for all 27 Member States to submit their plans detailing how they intend to contribute to the European Union’s goal of reducing greenhouse gas emissions by 55% by 2030
The panels, a hallmark of participative democracy in the Union, will focus on the theme “A new European budget fit for our ambitions” and are set to convene in Brussels between March 28-30 and May 16-18, 2025
As repair on the Nord Stream 1 pipeline that transports gas to Germany over the Baltic Sea gets underway, Europe is preparing for a lengthy shutdown of Russian gas supplies.
