- EU will have united position on this
- List of products in EU response to US tariffs will be announced in coming days
- Europe also has cards up its sleeve to put pressure on the US
Tit-for-tat is the response by the EU at the moment. So, that’s not helping to tone down the trade war rhetoric at least. EUR/USD is bouncing back in trading today, up 0.5% to 1.1015 currently. That comes after some late selling on Friday as market players turned to cash just before the weekend.
This article was written by Justin Low at www.forexlive.com.