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European Shares Dip as US Tariff Reality Sets In

Summary by Irish Times
Automakers Volkswagen, BMW plunge with trade agreement set to lock in 15% tariffs on exports to US
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Why food could blow up the EU-US deal - The EU's retreat to unbearable US pressure for more space on European shelves - What American producers are asking for - How European farmers are expected to react

Flickr photo Michele Paris In announcing it on Sunday, Ursula von der Leyen said that the trade agreement between Europe and the United States "creates certainty in uncertain times." This aspect alone, according to the President of the European Commission, should reassure the business world on this side of the Atlantic, but, in reality, the only certainty vouched for by the agreement announced in Scotland at President Trump's "resort" is Europe'…

The European automotive industry seems to be relieved of the agreement, although it is still alert to the highest costs for European Mounters seeking to sell in the US.

·Brazil
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The US-EU agreement on 15% tariffs also affects vehicles and components: what impact will it have on the European automotive industry?

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Protothema broke the news in on Monday, July 28, 2025.
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