{"id":65755,"date":"2026-07-31T14:38:13","date_gmt":"2026-07-31T18:38:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/f-35-crash-in-san-diego-and-vw-tariff-demands-headline-global-market-shifts\/65755\/"},"modified":"2026-07-31T14:38:13","modified_gmt":"2026-07-31T18:38:13","slug":"f-35-crash-in-san-diego-and-vw-tariff-demands-headline-global-market-shifts","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/f-35-crash-in-san-diego-and-vw-tariff-demands-headline-global-market-shifts\/65755\/","title":{"rendered":"F-35 Crash in San Diego and VW Tariff Demands Headline Global Market Shifts"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>A U.S. Marine Corps F-35B Lightning II crashed at MCAS Miramar in San Diego; the pilot successfully ejected and is in stable condition.<\/strong><\/li>\n<li><strong>Volkswagen (<a href=\"\/stock\/VOW3\">VOW3<\/a>) CEO Oliver Blume is pressuring the EU to impose urgent 20\u201330% tariffs on Chinese plug-in hybrids (PHEVs) to counter a 28% market share surge.<\/strong><\/li>\n<li><strong>Serbia secured a critical 30-day U.S. sanctions waiver for its Russian-owned oil firm NIS, extending operations at the Pancevo refinery through September 2026.<\/strong><\/li>\n<li><strong>Lockheed Martin (<a href=\"\/stock\/LMT\">LMT<\/a>) shares may face scrutiny as investigators probe the &quot;Class A mishap&quot; involving the advanced fifth-generation fighter.<\/strong><\/li>\n<\/ul>\n<h2>U.S. Marine Corps F-35B Crashes at MCAS Miramar<\/h2>\n<p>Emergency crews responded to a <strong>&quot;Class A mishap&quot;<\/strong> Friday morning involving a U.S. Marine Corps F-35B Lightning II at <strong>Marine Corps Air Station (MCAS) Miramar<\/strong> in San Diego. Aerial footage from the scene showed the burned-out wreckage of the aircraft in a field approximately six miles northwest of the airfield.<\/p>\n<p>Military officials confirmed that the <strong>pilot successfully ejected<\/strong> and has been recovered by emergency personnel. The aircraft, manufactured by Lockheed Martin (<a href=\"\/stock\/LMT\">LMT<\/a>), was reportedly returning from a mission when the incident occurred. An investigation is currently underway to determine the cause of the crash, which sparked a small brush fire near State Route 52.<\/p>\n<h2>Volkswagen Demands EU Action on Chinese PHEV Imports<\/h2>\n<p>Volkswagen (<a href=\"\/stock\/VOW3\">VOW3<\/a>) has intensified its call for the European Union to implement countervailing duties on Chinese plug-in hybrids. CEO <strong>Oliver Blume<\/strong> warned that &quot;we have no time to lose&quot; as Chinese brands captured <strong>28.3% of Europe\u2019s PHEV market<\/strong> in the first half of 2026.<\/p>\n<p>The demand comes as the <strong>VW Tiguan PHEV<\/strong> fell from the top-selling spot to fourth place, overtaken by models from Chinese rivals like <strong>BYD<\/strong> and <strong>Jaecoo<\/strong>. While the EU already imposes tariffs on battery-electric vehicles (BEVs), Blume argues that the lack of similar duties on hybrids allows Chinese manufacturers to bypass trade barriers. <em>Handelsblatt<\/em> reports that EU insiders expect a formal decision on these duties by the fall of 2026.<\/p>\n<h2>Serbia Secures Sanctions Extension for NIS Oil Firm<\/h2>\n<p>The U.S. Treasury&#39;s <strong>Office of Foreign Assets Control (OFAC)<\/strong> has granted a new 30-day sanctions waiver to the Serbian oil company <strong>NIS<\/strong>, which is majority-owned by Russia&#39;s <strong>Gazprom Neft<\/strong>. The extension allows the <strong>Pancevo refinery<\/strong> to continue processing <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">crude oil<\/a> through the end of September 2026 while ownership negotiations continue.<\/p>\n<p>The waiver is intended to facilitate the sale of the <strong>56.15% Russian-held stake<\/strong> to Hungary\u2019s energy giant <strong>MOL Group<\/strong>. Serbian President <strong>Aleksandar Vucic<\/strong> indicated that the divestment is crucial for the country&#39;s energy security. Serbia currently holds a <strong>29.87% stake<\/strong> in the firm and intends to increase its shareholding by an additional 5% once the Russian exit is finalized.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways A U.S. Marine Corps F-35B Lightning II crashed at MCAS Miramar in San Diego; the pilot successfully ejected 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