Paris (Reuters) – The customs duties agreement signed on Sunday between the United States and the European Union makes it possible to reduce volatility and uncertainty for all economic players, said Olivier Durand, forvia financial director on Monday.
This agreement also has the advantage of setting customs duties lower than those exercised for several months by the US administration, he added.
However, the automotive supplier financial director stressed that this agreement did not change the group’s 2025 financial objectives.
“All other things being equal, this agreement has two advantages: these are lower customs duties than what had been exercised for a few months by the US administration, and if it reduces volatility and uncertainty, it is better for all economic players,” he said during the publication of the group’s results.
Forvia reported on Monday of a net loss, part of the group, of 269 million euros in the first half due to a depreciation of assets of 136 million euros non-cash linked to the co-company of Hydrogen Symbio, but confirmed its annual financial objectives.
(Gilles Guillaume report; written by Claude Chendjou, edited by Augustin Turpin)
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