Home » Currency Note » Currency Note » Currency Note EUR » EUR: EU car industry fears new US tariffs

On a day where global stock markets climbed to their highest level in 2019, there was some potentially bad news for Europe, as there are real fears Trump could impose new tariffs on the EU’s car industry. The US Department of Commerce has filed a report outlining whether the EU auto industry is a national security threat. Donald Trump now has 90 days to read the report (or have it read to him), and decide whether to impose levies of up to 25%.

The all-important ZEW economic sentiment indices from Germany and the eurozone will be released today and will give us an idea of future expectations for their economies. Both readings are expected to improve slightly, although firmly remain in negative territory. We will also see the eurozone’s construction output figures for December. The markets are expecting an increase of 2.1% from 0.9% in November.

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Keep up to date

Get regular, jargon-free currency market updates delivered directly to your inbox.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.

You have Successfully Subscribed!