European Auto Stocks Drop Amid US-EU Trade Deal Tensions

European auto stocks like Volkswagen and BMW fell after a new US-EU trade deal included a 15% import tariff on European cars, despite the deal reducing potential tariffs and easing trade tensions. Investors may have expected more favorable terms, and the ongoing tariffs are expected to impact the European auto industry financially, while automakers like GM and Ford prepare for potential cost increases. The market reaction reflects cautious optimism about the deal's long-term effects.