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29th Mar 2024

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EU extends tariffs on Chinese bicycles

The EU has extended import tariffs of up to 48.5 percent on Chinese bicycles to prevent a flood of imports, according to Reuters. Earlier this year the EU also imposed import duties on Chinese electronic bicycles, which China condemned strongly. EU citizens buy circa 18mn bicycles per year. Four percent come from China. Similar tariffs apply to bicycles coming from Indonesia, Malaysia, Tunisia, Sri Lanka, Cambodia, Pakistan, and The Philippines.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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