Auto Stocks On Watch After Report That EU Considering Reducing Tariffs On U.S. Imports
Auto stocks jumped mid day on Friday after the Financial Times reported that the EU is prepared to reduce its 10% tariff on US car imports to align more closely with the USA’s 2.5% rate in a bid to prevent a trade war with Donald Trump.
Names like Ford and GM both saw a bump during afternoon trading, and before paring gains slightly heading into the last few hours of trading for the week.
FT cited Bernd Lange, chair of the European Parliament’s trade committee. As part of the deal, the EU would also increase purchases of American liquefied natural gas and military equipment.
The move aims to ease tensions over the EU’s trade surplus with the US, a frequent target of Trump.
During Trump’s first term, Brussels lowered tariffs on lobsters and boosted imports of US LNG and soybeans, which helped contain disputes largely to steel and aluminum.
The FT report says that while the tariff reduction would apply to all WTO members, including China, EU officials believe Chinese imports won’t spike due to existing tariffs of up to 35% on Beijing-subsidized electric vehicles.
Major automakers like BMW and Mercedes support the plan, and Germany is not expected to oppose it.
In 2022, the EU exported 738,436 vehicles to the US, importing only 271,476 vehicles in return.
Lange warned that if negotiations falter, the EU could retaliate with its new anti-coercion instrument (ACI), designed to counter economic pressure tactics.
“Sometimes it’s important to have a gun on the table,” he is quoted as saying.
The ACI could target US tech giants like Meta, Google, and X through measures such as suspending IP rights and imposing digital service duties. Deploying the ACI would take about six months, but Lange noted the EU’s economic clout exceeds that of previous US trade targets like Canada and Mexico, positioning it to defend its interests effectively.
The development is the latest in a decisive series of changes President Trump has implemented or affected, including further securing the border with Mexico and Canada, in less than a month of being in office.
Tyler Durden Fri, 02/07/2025 – 13:00
Source: https://freedombunker.com/2025/02/07/auto-stocks-on-watch-after-report-that-eu-considering-reducing-tariffs-on-u-s-imports/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,678,538,008 |
| Stories: | 8,357,032 |
Whistler Blowers, Insiders
