- Tariffs can cantilever back up to April 2 levels.
- I warn countries not to drag out trade talks.
- We’ll see what happens with the EU.
We had a few reports in the past weeks saying that the EU was ready to accept 10% tariffs on condition that it would get concessions on other matters. The negotiations with the EU have been very slow and difficult but despite the threats, the deadline will likely be extended if they don’t get anything by then.
This article was written by Giuseppe Dellamotta at www.forexlive.com.