European Stocks Jump on EU-US Tariff Deal
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EDINBURGH, Scotland (AP) — The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties on both sides that might have sent shock waves through economies around the globe.
Stellantis NV expects to take a hit of around €1.2 billion ($1.4 billion) from tariffs in the second half of this year as the maker of Jeep sport utility vehicles and Fiat cars reinstates financial guidance following the European Union’s trade deal with the US.
The dollar's surge since the U.S.-European Union trade deal seems a little counterintuitive at first glance, but the rally suggests the greenback may be shedding its elevated trade risk premium - whether Washington wants that or not.
Demand challenges, especially in autos and construction, are limiting Nucor’s ability to capitalize on tariff advantages. Read why NUE stock is a Hold.
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The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.
By Wayne Cole SYDNEY (Reuters) -Asia shares slipped on Tuesday while the euro nursed its losses as investors pondered the downside of the U.S.-EU trade deal and the reality that punishing tariffs were here to stay,
Businesses both small and large are already reckoning with Trump's tariffs, and new levies are set to start this week.
GOP Sen. Josh Hawley pledged to author legislation after President Donald Trump expressed interest in sending out rebate checks.
The American dollar has hit its rock bottom, at least since the Nixon days. The dollar is experiencing its worst value since 1973, and other factors may bring it even lower. There are a few tactics, however,
A federal appeals court will soon hear oral arguments in a major case challenging Trump's "reciprocal" tariffs.