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PayPal's shares slide as EU lawmaker raises prospect of new fees amid trade tensions

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. es-prospect-of-new-fees-amid-trade-tensions.html
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PayPal's shares fell 5% on Friday after comments from a European Union lawmaker raised concerns that payments firms could get swept up in escalating trade tensions and potential tariffs between the U.
PayPal's shares experienced a decline after a European Union lawmaker suggested the introduction of new fees on digital payment services, amidst ongoing trade tensions. This proposal comes as part of broader discussions on how to address the competitive landscape and regulatory environment for digital payment providers in the EU. The potential new fees could impact the cost structure for companies like PayPal, which relies heavily on transaction fees for revenue. This news has raised concerns among investors about the future profitability and operational costs for PayPal in one of its key markets, leading to a negative reaction in the stock market.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/paypals-shares-slide-as-eu-lawmaker-raises-prospect-of-new-fees-amid-trade-tensions/ar-AA1BRs1t ]