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US to raise tariffs on EU cars and trucks to 25%, citing trade deal non-compliance

Market News
01 May 2026
CNBC
View Source
Bearish
pluang ai news

President Donald Trump announced plans to increase tariffs on European Union cars and trucks to 25%, citing the EU's failure to comply with a trade deal. He did not specify the legal authority for this increase, following a Supreme Court ruling that struck down his previous tariff approach. The EU has warned that this move could jeopardize the trade agreement with the US. Existing 25% tariffs under national security claims remain in place, affecting major European automakers like Mercedes, BMW, and Volkswagen.

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Global Family Office Summit in Lake Como spotlights AI, private markets, and global investment trends.

Global Family Office Summit in Lake Como spotlights AI, private markets, and global investment trends.

The 32nd Global Family Office Investment Summit in Lake Como gathered over 200 family office leaders, investors, and entrepreneurs from 27 countries to discuss emerging trends in AI, private equity, healthcare innovation, and global investment opport...

Market News
Neutral
30 minutes ago
Bath & Body Works launches Fruit Fusion body care line with Hilary Duff as ambassador.

Bath & Body Works launches Fruit Fusion body care line with Hilary Duff as ambassador.

Bath & Body Works introduced Fruit Fusion, a new body care franchise featuring fruit-inspired scents and hydrating formulas, available in the U.S. and Canada starting July 6, 2026. Actress Hilary Duff serves as the brand ambassador and creative partn...

Others
Bullish
30 minutes ago
Prestige Consumer Healthcare acquires LaCorium Health for $150M, prices $400M senior notes.

Prestige Consumer Healthcare acquires LaCorium Health for $150M, prices $400M senior notes.

Prestige Consumer Healthcare completed the acquisition of Australian therapeutic skin care company LaCorium Health for approximately $150 million in cash on July 1, 2026. LaCorium, known for brands like Dermal Therapy and Flexitol, generates about $4...

Company Fundamentals
Bullish
1 hour ago
GuideAI appoints vascular expert Dr. Benenati after FDA clears its AI vascular triage software VAOT

GuideAI appoints vascular expert Dr. Benenati after FDA clears its AI vascular triage software VAOT

GuideAI Health Corp. has appointed Dr. James F. Benenati, a leading interventional radiologist, to its Advisory Board following FDA 510(k) clearance of its AI software, VascularAssist Occlusion Triage (VAOT). VAOT is designed to help radiologists pri...

Market News
Bullish
1 hour ago
Diginex extends deadline to finalize funding for Resulticks acquisition to July 31, 2026

Diginex extends deadline to finalize funding for Resulticks acquisition to July 31, 2026

Diginex Limited has agreed with Resulticks to extend the deadline for their acquisition deal to July 31, 2026, after securing firm funding intent from private investors. The company does not plan to seek public funding and expects this to be the fina...

Company Fundamentals
Neutral
1 hour ago
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