- Spain has introduced safety net in response to tariffs.
- EU won’t be naive in regard to US tariffs.
- There needs to be US leg to safety net to citizens.
- Can’t take any instruments off the table on retaliation.
- Must send signal that we are open to negotiate with US.
The door for negotiations seems open but the markets will need more than just words at this point.
This article was written by Giuseppe Dellamotta at www.forexlive.com.