US to Hike EU Tariffs to 30% on August 1, EU Vows Response
US to hike tariffs on EU goods to 30% starting August 1; EU open to negotiations but warns of countermeasures if needed. Trump cites trade deficit concerns.
US to hike tariffs on EU goods to 30% starting August 1; EU open to negotiations but warns of countermeasures if needed. Trump cites trade deficit concerns.
Volvo Cars' May 2025 sales dropped 12% due to US tariffs, with electrified models falling to 44% share. Cost-cutting includes 3,000 job cuts amid global auto industry challenges. (219 characters)
Stellantis appoints Antonio Filosa as new CEO amid tariff concerns and sales challenges. Filosa, with 25+ years in auto industry, aims to revive the company's fortunes in North America and Europe.