7 days ago
- Automotive
- Wall Street Journal
European Carmakers Trade Higher on Hopes of Tariff Agreement
Shares in European carmakers gained in early trading after a U.S. tariff agreement with Japan sparked optimism for the auto industry.
President Trump wrote in a social-media post on Tuesday that he would set reciprocal tariffs at 15% for Japan. Levies on autos would also be lowered to 15% from their current 25%, Tokyo's chief trade negotiator said, a development that lifted Asian auto stocks.
