Other Countries Could Join EU Response to Trump Tariffs

The European Union should unite in response to any U.S. tariffs on its steel and aluminium exports — and it could retaliate alongside nations from outside Europe, the French economy and finance minister told CNBC.”I think the first is to have a common response from the member states from the European Union,” Bruno Le Maire said on Monday. But then, if other countries want to take part in the EU response, “of course, we are kind of open to these discussions.”He called for “European forces to think about common concern, a common response, and to deliver a response if necessary.”

Source: Trade: EU may work with allies outside Europe against Trump tariffs – CNBC

Investor Caution Lingers

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam