EU must respond to US tariffs with unity and determination, says German finance minister

• We expect that the negotiations will lead to a good result
• But would like to make it clear that we are prepared to act if talks do not succeed

So far, it’s been very slow-going in terms of any progress between the EU and US. Well, to be fair the only countries that are making real progress are the US’ closer allies i.e. UK, Japan, India, South Korea. If you think about it, it is a slap in the face to everyone else that China also got the same 10% baseline treatment after all the retaliation by only deciding to sit down and talk. Meanwhile, everyone else had no choice but to get that shoved down their throat even by trying to reconcile instead of retaliating.

This article was written by Justin Low at www.forexlive.com.