• The EU remains open to and strongly prefers talks but we will not wait endlessly

So the EU is trying to negotiate on tariffs but it’s not clear what the US wants or will settle for. You have to hope that Wednesday is the day to make a deal and if not we could see retaliation.

More:

• Timing of counter measures on tariffs cannot be delayed
• At this stage we are not willing to discuss what instruments we would use or the reasons why, our response is gradual

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