Details Murky On Trump, Von Der Leyen Trade Deal
Digest more
The agreement will reduce the upcoming tariffs on imported European cars to 15 percent and will see the EU invest billions in the United States.
Ursula von der Leyen, President of the European Commission, speaks during a press conference after a board meeting of the Christian Democratic Union in Berlin, Germany, on Feb. 19, 2024.
Shares of liquified natural gas (LNG) companies jumped Monday after the European Union agreed to purchase $750 billion of energy from the U.S. LNG exporters Cheniere and Venture Global were up about 3% and more than 4%, respectively. NextDecade and New Fortress Energy, which build LNG infrastructure, jumped more than 2% and about 3%.
The tariffs, or import taxes, paid when Americans buy European products could raise prices for US consumers and dent profits for European companies and their partners who bring goods into the country.
President Donald Trump says Hamas is reluctant to release the remaining hostages amid Israel's increase in humanitarian aid efforts in Gaza on Sunday.