- This is already what Trump did in 2018 and we responded
- So, we will again respond
- Ready to push the trigger when the time has come and now it has
- It is in nobody’s interest to start a commercial war with the EU
Trump is threatening with fresh 25% tariffs on all steel and aluminum imports into the US and that is on top of existing metals duties. Biden had previously negotiated duty free quota arrangements with the EU on this, after Trump having imposed 25% tariffs on steel and 10% tariffs on aluminum during his first term. So, those quota arrangements look to be thrown out the window perhaps.
This article was written by Justin Low at www.forexlive.com.
