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PayPal slips after lawmaker says EU could charge fees on co in US tariff dispute

ReutersMar 28, 2025 11:48 AM

Shares of payments firm PayPal PYPL.O fell as much as 1.4%, and were last trading 0.8% lower at $68.31 premarket

A senior European lawmaker said on Friday the European Union could charge fees on co as part of a tariff dispute with the United States

Separately on Friday, a German government spokesperson when asked whether countermeasures could target U.S. tech companies, said "at the moment, nothing is off the table, but instead everything is being looked at"

U.S. President Donald Trump on Wednesday said he would impose 25% import tariffs on all vehicles and foreign-made auto parts

Tariffs on car imports are set to take effect from April 2, while those on parts from May 3

European Commission on Thursday said that EU is preparing "robust, calibrated" response to the new tariffs

As of last close, PYPL shares down 19.3% YTD

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