26/11/2024 08:56
The Guardian
Rolling coverage of the latest ecoonomic and financial newsTrump vows tariffs on Mexico and Canada and deeper tariffs on ChinaFears of a potential global trade war has fuelled a sell-off of European automotive stocks.Shares in Stellantis, the owner of brands including Fiat, Chrysler, Peugeot and Vauxhall, have been hit the hardest falling almost 6% in early trading.That Europe was not mentioned in Trump’s first tariff post could perhaps be welcome news on the continent.Yet local policymakers will remain fearful that it will just be a matter of time before Trump turns his attention to the European auto sector or tariffs more broadly. In any case, the threat of further tariffs on China shows the direction of travel on world trade, which is bearish for the euro.] Continue reading...
Continua a leggere su "The Guardian"