German Chancellor Olaf Scholz stated that Europe is prepared to respond to potential new tariffs from the United States, should President Donald Trump act on his recent threats. Speaking in Brussels ahead of an informal meeting of EU leaders, Scholz emphasized the importance of cooperation between the US and Europe but noted that Europe is aware of its own strength and ability to retaliate if necessary.
In another significant development, Tesla Inc. experienced a sharp decline in vehicle registrations in France, with a 63% drop in January compared to the same month last year. The company registered only 1,141 cars, a stark contrast to the 3,118 units sold in January 2024. This decline comes as the overall electric vehicle market in France also faced challenges, with total EV sales decreasing by 0.5%.