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Auto Stocks On Watch After Report That EU Considering Reducing Tariffs On U.S. Imports
Auto Stocks On Watch After Report That EU Considering Reducing Tariffs On U.S. Imports Auto stocks jumped mid day on Friday after the Financial Times reported that the EU is prepared to reduce its 10% tariff on US car imports to align more closely with the USA’s 2.5% rate in a bid to prevent a trade war with Donald Trump. Names like Ford and GM both saw a bump during afternoon trading, and before paring gains slightly heading into the last few hours of trading for the week.  FT
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