Trump, EU and rates
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A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.
Uncertainty has been a key theme for the dollar in 2025, and the unpredictability of the president’s stance on trade is about to reach new levels.
The US's tariffs are once again threatening the EU food sector. President Trump recently announced a 30% tariff on EU products. But what could this mean for the food and beverage sector?
“Further euro strength is likely to be self-defeating,” said Valentin Marinov, a currency strategist at Crédit Agricole, a French bank. Exports were already likely to weaken and become a drag on the eurozone economy because of U.S. tariffs and European government policies that would encourage more imports.
Stellantis expects more impact from U.S. tariffs on vehicles and auto part imports in the second half of 2025, the company said on Monday as it reported a preliminary 2.3 billion euro ($2.7 billion) net loss for the first six months of the year.
Jeep owner Stellantis said on Monday it suffered a massive loss in the first half of the year, when it felt the first impact of new US tariffs and took
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Khaleej Times on MSNImpact of US tariffs varies across the European UnionThe EU as a whole has an annual trade surplus with the United States of $235.6 billion, according to the Bureau of Economic Analysis (BEA), which reports to the U.S. Department of Commerce. Only China has a higher amount. Ireland has the largest surplus among EU members, at $86.7 billion.
A Stoxx 600 sub-index tracking carmakers and other auto companies advanced 0.4 per cent, adding to a 3.8 per cent gain on Wednesday following news of a trade deal between the US and Japan. The 15 per cent tariff for the EU would mean a reduction in tariffs on European cars, which currently stand at 27.5 per cent.
As the tariff pause ends, the Trump administration should pivot to a more targeted and strategic policy that minimizes domestic harm.
Jeep owner Stellantis said on Monday it suffered a massive loss in the first half of the year, when it felt the first impact of new US tariffs and took