USTR Greer: EU will accept aspects of US auto standards

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  • I want to keep working on steel.
  • Digital services taxes are also an area to keep working on.
  • On China trade: I want to move forward in a positive way.
  • I don’t expect a big breakthrough today.
  • I expect continued monitoring of the agreement so far.
  • There is interest for both Trump and Xi to meet.
  • We don’t feel under pressure to have more deals.
  • Trump more interested in good deals than quick deals.
  • On India trade: need more negotiations, continue to speak to counterparts.

The markets closed the gaps that we got after the US-EU trade deal over the weekend. It might be just a “sell the fact” move as we already expected a 15% tariff since the FT report last week.

It’s pretty clear that we will end up with tariffs in the 10-20% range and the deadlines, as we’ve seen already with China, will likely be extended to keep negotiating.

This article was written by Giuseppe Dellamotta at investinglive.com.