US, EU ink trade deal with 15% tariff
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Stellantis said on Tuesday it faced greater headwinds this year including a 1.5-billion-euro impact from U.S. tariffs for 2025, with operating income in the second half set to be in the low-single digits following a tough first half.
Philips expects American import tariffs to have less impact on its annual figures than previously anticipated. The healthcare technology company now expects the tariffs to have a negative impact of 150 million to 200 million euros.
Dutch medical equipment manufacturer Philips said Tuesday that the impact of US tariffs would be much less than it initially estimated, sending its share price surging.
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US President Donald Trump announced on Sunday that the United States was imposing 15-percent tariffs on all European Union countries.
Kia is adjusting its US business operations, including reallocating inventory, slashing customer incentives to mitigate impact of US tariffs.
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