Euro Markets: EUAs shrug off US tariff threat to make early gains before weakening with natural gas

Published 17:14 on July 14, 2025 / Last updated at 17:35 on July 14, 2025 / / EMEA (Compliance Markets & Taxes, Europe)

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European carbon prices quickly erased an early sell-off in response to the weekend announcement by President Trump that US imports from Europe may face a 30% tariff from Aug. 1, and climbed quickly amid dip-buying and reported compliance demand after prices had briefly fallen below a key level, before slowly unwinding their gains in the afternoon in line with natural gas.
European carbon prices quickly erased an early sell-off in response to the weekend announcement by President Trump that US imports from Europe may face a 30% tariff from Aug. 1, and climbed quickly amid dip-buying and reported compliance demand after prices had briefly fallen below a key level, before slowly unwinding their gains in the afternoon in line with natural gas.


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