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Stock Market Rally Stalls as Wall Street Digests US-EU Trade Deal | News Channel 3-12
- On Sunday, leaders from the US and the EU revealed that they had reached a comprehensive trade deal in Scotland, aiming to reshape their economic ties.
- The deal follows earlier tariff threats by President Trump, including a 30% tariff, and aims to prevent a looming transatlantic trade war.
- Key aspects of the agreement include the EU imposing a 15% tariff on a wide range of European products imported into the U.S., the removal of EU duties on American industrial exports, and mutual efforts to strengthen supply chain stability and advance digital trade cooperation.
- Markets reacted positively with the S&P 500 and Nasdaq hitting record highs, while experts noted the agreement reduces near-term uncertainty despite tariffs potentially slowing economic growth.
- The agreement could expand U.S. exports, drive economic growth, and generate tens of billions in annual revenue, but uncertainty on rates and tariffs is expected to persist.
28 Articles
28 Articles
ASX falls as trade optimism fades, Trump flags 15-20pc 'baseline' tariff
The ASX follows European markets lower as traders evaluate the US-EU trade deal and a new threat by the US president to implement a 15-20 per cent "baseline" tariff. Follow the events and insights from our business reporters on the ABC News live markets blog.
Enthusiasm on European stock markets over the trade deal between the United States and the European Union completely dissipated by Monday afternoon. All European markets closed lower. The AEX closed 0.3 percent higher at 908.04 points, thanks to the rise in chip stocks. Heineken was severely punished after the publication of its quarterly figures. Wall Street markets ended mixed.
America First! US-EU Trade Deal Is Shockingly Great for the US
President Trump keeps winning. He secured a $20 trillion economy with 450 million people that is now providing historic market access to American industrial and agriculture exports. The dollar rose in the markets but EU stocks soured. Some EU members were unhappy and others were relieved. They didn’t want to pay any tariffs. The French […] The post America First! US-EU Trade Deal Is Shockingly Great for the US appeared first on www.independentse…
TRIBUNE. Faced with Trump's tariff threats, the EU has chosen a trade agreement deemed "unbalanced", but presented as the least evil. A compromise criticized up to its ranks.
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