EU and US agree trade deal
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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.
A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.
Could trade tensions scupper the clean energy pathway? A new scenario-based analysis from McKinsey & Company, warns that escalating trade tensions and high tariffs could slow clean energy deployment and raise system costs across both the United States and European Union through to 2035.
The GBP/USD pair posts modest gains near 1.3440 during the Asian trading hours on Monday. The latest optimism fueled by a trade deal between the United States and the European Union triggers a fresh wave of the global risk-on sentiment, which boosts the Pound Sterling.
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
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.