The European Commission has released a statement regarding a consultation process it will engage with ahead of potential countermeasures against the US if no deal is reached on removing 'reciprocal' tariffs at the end of the 90-day pause announced by President Donald Trump last month and the additional US tariffs on autos and auto parts. The initial list of goods included in the consultation that could face import restrictions amounts to a value of E95bln, while the goods under export restriction consultation total E4.4bln.
Find more articles and bullets on these widgets:
US Equities are set for a positive Open, Emini is at session high and just short of that huge Equity move seen Yesterday following that erroneous social media Post.
ESM5 printed a 5286.50 high Yesterday, and for the SPX, that level stands at 5246.57.
Jake Sherman at Punchbowl reporting that President Trump will meet House Republicans at 13:00 ET 18:00 BST today to discuss the Senate-approved budget blueprint that needs to pass the House this week to unlock the next stage of budget reconciliation.
Figure 1: Senate/House Reconciliation Instructions Compared
Source: Committee for a Responsible Federal Budget
Bund futures remain under pressure alongside USTs, with US President Trump’s latest post around tariff negotiations with South Korea and China helping the sell-off extend a little.