Trump Threatens EU Auto Tariffs, Oil Prices Tumble, Speculators Short US Bonds

Market News
1. Former President Trump threatened to raise EU auto tariffs to 25%, causing shares of automakers like Ford, GM, and Stellantis to fall.
2. WTI and Brent crude oil settled sharply lower after Trump commented on Iran negotiations and predicted energy prices would plummet post-war.
3. CFTC data revealed that speculators significantly increased their net short positions on 10-year US Treasury futures, indicating strong bearish sentiment in the bond market.