Stellantis sees greater tariff impact
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Stellantis reported a substantial net loss of 2.3 billion euros in the first half of the year, impacted by new US tariffs and significant charges related to legislative changes. North American sales declined sharply,
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Agence France-Presse on MSNUS tariffs, laws push Jeep owner Stellantis into 2.3-bn-euro first-half net lossJeep 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.
UBS warns Trump’s proposed US tariffs could significantly impact Greece’s exports, posing risks to growth through 2026.
“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.
Major stock markets slipped on Tuesday as New York backed off its record highs and European markets fretted over an August 1 deadline for the EU to avert steep tariffs
The only acceptable tariff on European Union exports to the United States would be zero as the bloc is already facing a detrimental exchange rate, the head of Italy's business lobby said on Wednesday.
European currency markets saw significant movements on Thursday, with the US dollar falling against the euro and safe-haven currencies like the Japanese yen and Swiss franc returning to favor. The ...
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Agence France-Presse on MSNECB expected to hold rates as Trump tariff uncertainty lingersThe European Central Bank is set to hold interest rates for the first time in almost a year when policymakers meet this week, despite concerns over the potential impact of higher US tariffs on the eurozone economy.