PayPal Shares Drop Amid EU Lawmaker's Fee Concerns and Trade Tensions

Reported 3 days ago

PayPal's stock fell 4% following comments from a European Union lawmaker suggesting that rising U.S.-Europe trade tensions could lead to new fees for payment companies. The uncertainty surrounding potential tariffs has unsettled global markets and raised concerns about the impacts on the payments sector, which typically avoids such trade fees. The situation is compounded by U.S. threats of larger tariffs if collaborative efforts to harm the U.S. economy continue.

Source: YAHOO

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