EU warns that a baseline Trump tariff would still lead to retaliation

Ok, we’re done with the Israel-Iran war, now back to the US vs World trade war.

The EU is a big one here because it’s the strongest trade bloc that the US is negotiating with. They will also find it very hard to compromise given all the countries involved in the negotiations. Ultimately, they will have to decide to roll over or fight back. I expect it will be contentious at some point.

This article was written by Adam Button at www.forexlive.com.