Bloomberg is reporting that:
- EU is to announce provisional checklist of tariffs towards the US on Thursday
- EU tariffs to be enforced if talks with the US fail
The headlines mirror an earlier report that indicated the EU is reportedly getting ready an inventory of roughly €100 billion in annual U.S. imports—together with Boeing plane—that would face tariffs if commerce negotiations with the U.S. break down. Whereas the transfer is seen as potential retaliation for ongoing U.S. tariffs, any measures would nonetheless require approval from EU member states. The proposed checklist is anticipated to be circulated inside the subsequent day however stays topic to alter.
This text was written by Greg Michalowski at www.forexlive.com.
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