Europe

President Donald Trump has threatened to immediately impose a 100% import tariff on all goods from any European nation that implements a digital services tax targeting American tech giants. In response, the European Commission defended its member states' sovereign right to regulate their own economic activities and vowed to act quickly and forcefully against any potential U.S. levies.

Demand for cheaper second-hand electric cars is increasing sharply in Europe. This is the result of the sharp price increases at the pump caused by the war in the Middle East. Nevertheless, battery life tempers the used-car demand.