Higher tariffs, or import taxes, on European goods mean sellers in the U.S. would have to either increase prices for consumers — risking loss of market share — or swallow the added cost in terms of lower profits. The higher tariffs are expected to hurt export earnings for European firms and slow the economy.

The euro suffered its steepest one-day drop against the dollar since May on Monday, as Germany and France voiced fears that the long-awaited EU-US trade deal would hurt the European economy.

Speaking after talks at his Turnberry golf resort, President Donald Trump said it was the "biggest deal ever made" but some EU leaders are unhappy with the terms.

Explore the impact of the new EU-US trade deal with 15% tariffs, market reactions, and investor concerns over growth, energy, and key industries.

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 a massive charge following a change in US laws.

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

Puma cut its 2025 outlook citing sector-wide and company-specific challenges, including tariffs. The sportswear brand said it expects full-year sales to decline by a low-double digit percentage this year.

The Brazilian government downplayed the short-term effect of the tariffs, ... Brazil downplays impact of US tariffs on 2025 growth. Story by Bernardo Caram and Gabriel Araujo • 3d.