The United States officially lowers tariffs on EU automobiles, effective August 1, 2025
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The United States announced a reduction in tariffs on European Union automobiles starting from August 1, 2025. Affected by this news, European automobile manufacturing concept stocks showed mixed performance, with Porsche P911 rising 2.8%, Faurecia up 1.97%, and Auto1 increasing 1.7%, while German Volkswagen, French Saint-Gobain, Volvo, Aston Martin, and Stellantis saw declines, with drops exceeding 2%. Meanwhile, the euro fell 0.63% against the US dollar, trading at 1.1740
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