Mercedes-Benz warns of tough 2025 as tariffs hit profits; founded in 1926, it's Germany’s luxury auto icon facing industry chaos.
On February 6-7, 2026, the US and India announced a trade framework reducing US tariffs on Indian goods from 50% to 18%, contingent on India halting Russian oil imports. India agreed to lower tariffs on US industrial and agricultural products and commit to $500 billion in US purchases over five years. The deal faces domestic opposition in India, especially from farmers and unions concerned about agricultural exposure.
German Chancellor Friedrich Merz traveled to China for a two-day visit, aiming to balance economic ties and strategic interests. He discussed trade, China's role in global conflicts, and Europe's need for independence from US and Chinese influence, amid ongoing tensions over trade imbalance and geopolitical issues.
German Chancellor Friedrich Merz visited China, emphasizing the need for fair trade, open communication, and deepening economic ties. He raised concerns over Chinese subsidies, currency policies, and geopolitical issues, including Beijing’s support for Russia and its impact on German industry, while seeking to balance cooperation with criticism.
At the 2026 Chinese Grand Prix, 19-year-old Kimi Antonelli became the youngest F1 race winner and pole-sitter, leading Mercedes to a dominant one-two finish. Ferrari showed promise but fell short. Audi replaced team principal Andreas Wheatley with Mattia Binotto, signaling leadership changes. Meanwhile, Max Verstappen refused to speak to a Guardian reporter over a past question, highlighting tensions in the paddock.
The Pentagon has announced a plan to pull about 5,000 US troops from Germany over the next six to twelve months as tensions over the Iran war intensify with European partners. NATO says it is studying the details of the move, while German officials say Europe must bolster its own defence capacity.