Heard on the Street Recap: Done Deal
President Trump reached a trade deal with the EU. The deal imposes a 15% baseline tariff on products imported from the European Union to the U.S., including cars. The EU agreed to buy $750 billion of U.S. energy products and invest $600 billion in the U.S., Trump said.
Stocks affected by the deal, including chip and auto companies, moved. Dutch semiconductor equipment manufacturer ASML, which recently flagged customer skittishness because of tariffs, rose 2.6% after the deal exempted its products from the levies. But car-makers slid, with BMW down 3.3% and Mercedes falling 3.2% in European trading. Market experts were also skeptical that the energy purchase targets would be achievable.
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New York Post
7 minutes ago
- New York Post
Trump envoy Witkoff urged to take tough approach with Putin in make-or-break meeting to end Ukraine war before sanctions
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Business Insider
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Zacks Investment Research: Stock Research, Analysis, & Recommendations
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