The owner of Vauxhall has warned it is facing a €1.5bn (£1.3bn) bill for US tariffs just days after the European Union struck a trade deal with Donald Trump.

US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels.

The euro hit a one-month low against the dollar on Tuesday as investors sobered up to the fact that terms of the trade deal between the U.S. and the European Union favoured the former and did little for the bloc's economic outlook.

In April, US President Donald Trump announced he was introducing sweeping new tariffs, extra taxes that importing firms have to pay if they bring in goods from abroad. Since then some of the US's major trading partners including the UK,

US President Donald Trump has said he will slash the 50-day deadline he gave for Russia’s Vladimir Putin to reach a ceasefire with Ukraine by weeks, to just “10 or 12 days” from now.