European luxury, drink stocks lifted by U.S. tariffs relief

The United States on Wednesday said it would impose 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskies, and cheese from across the continent.

The announcement came after the World Trade Organization gave Washington a green light to impose tariffs on $7.5 billion worth of EU goods annually in the long-running case, a move that threatens to ignite a tit-for-tat trade war. European plane maker Airbus jumped 4.1% after falling 2% during the previous session as fears over an intensifying trade war weighed.

The overall European benchmark STOXX 600 was up 0.2$ as selling pressure eased after worries over global growth caused a two-day rout that wiped off all gains made in September. Reporting by Julien Ponthus, Joice Alves and Danilo Masoni; editing by Josephine Mason and Alexander Smith

😑

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asian stocks slide as U.S. tariffs on EU fan growth worriesAsian stocks skidded to a one-month low on Thursday after the United States open... Just exactly what EU growth ? Without the ECB printing money as if there is no tomorrow, buying stocks to prop up the stock markets, the EU would be in recession. Our mission at is to build the social media platform that ends fake news In a global economy tariffs only hurt the consumer, who is the driver of the economy. Since Trump never buys anything in real life with his own money, he can't behind to understand the consumer side. It's a game of Monopoly to him.
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

Asia stocks set to slip as fresh trade concerns ramp up over EU tariffsThe Office of the U.S. Trade Representative said it will impose tariffs on European Union goods on October 18.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »