- Trade talks are mainly about non-tariff barriers
- US trade talks will have to continue past 8 July
- Will seek extension to that
They won’t be the only ones and as long as countries are seen “negotiating in good faith”, then we’ll the deadlines all get pushed back. I’d imagine it will only be a handful, if at all any, that Trump will want to punish. Otherwise, markets are already expecting the TACO scenario to kick into effect.
This article was written by Justin Low at www.forexlive.com.