EU Pushes for Concessions as U.S. Tariff Deadline Looms âšī¸
The EU is negotiating a potential trade deal with the U.S. involving a 10% universal tariff, seeking lower rates on key sectors and aiming to avoid a potential 50% tariff hike by July 9.
Potential trade resolution represents a significant geopolitical and economic development with broad market implications, particularly for European and U.S. markets, reducing trade uncertainty and potential escalation of tariff conflicts.
EU Car Registrations Rise 1.6% in May âšī¸
European Union passenger car registrations increased 1.6% in May 2025, with electric vehicle sales surging 25%, particularly strong in Germany, Spain, and the Netherlands.
Electric vehicle market growth signals potential opportunities in automotive and technology sectors, with significant momentum in key European markets, indicating broader economic resilience and technological transition.