Shares of Stellantis N.V. (NYSE:STLA) are trading higher Wednesday amid reports that the United States and European Union are nearing an agreement on a new trade deal that could significantly alter tariff rates on automotive imports.
What To Know: According to the Financial Times, the deal under discussion would impose a 15% tariff on European imports, aligning with terms recently agreed upon between the U.S. and Japan. The proposed agreement would prevent U.S. President Donald Trump from raising tariffs on European goods to 30% starting Aug. 1.
