... agreement between Washington and Brussels that has prevented the introduction of new U.S. tariffs on EU goods from August 1. The looming threat of a large tariff war over European automotive industry has receded. Shares of major automakers (Volkswagen, BMW, Stellantis) surged on news of the compromise, as the risk of 25–70% tariffs on car exports to the U.S. was lifted. However, uncertainty in global trade remains – negotiations between the U.S. and China as well as other partners are ongoing, and ...

... starting August 1. This move has eased the situation in global trade: the threat of a large-scale tariff war looming over European manufacturers (especially in the automotive sector) has receded. Shares of major European automakers (such as Volkswagen, BMW, Stellantis) reacted positively to reports of the trade compromise, as the direct risk of imposing 25–70% tariffs on car exports to the US was eliminated. However, uncertainty in global trade has not completely dissipated—US negotiations with ...