TARIFFS: EU Official Sefčovič Expects Trump Tariff of ~20%
Mar-26 17:26
- "TOP EU OFFICIAL EXPECTS TRUMP TARIFF OF ABOUT 20% - FT"
- "TOP EU OFFICIAL MAROŠ ŠEFČOVIČ SHARED ASSESSMENT AFTER MEETINGS IN WASHINGTON THIS WEEK - FT" (Reuters)
- From the FT article:
- "The EU’s top trade negotiator expects Donald Trump to hit the bloc with tariffs of about 20 per cent next week as the US president takes aggressive steps to cut trade deficits."
- "Šefčovič warned American officials that a tariff of 20 per cent on imports from the EU would be “devastating” for the bloc, according to the first official briefed on the talks."
- In an MNI exclusive earlier today, we highlighted that the European Union has offered to cut tariffs on U.S. cars to zero and to build more pharmaceutical factories in the U.S. as it seeks to head off tariffs next week, an EU trade source told MNI on Wednesday.
- "The dialogue is still going. The door is not closed," the official said.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
PIPELINE: Corporate Bond Issuance Starting to Launch
Feb-24 17:24
- Date $MM Issuer (Priced *, Launch #)
- 02/24 $1.5B #HSBC PerpNC7 6.95%
- 02/24 $800M NSTAR WNG 5Y +85a, 10Y +110a
- 02/24 $750M Vale Overseas WNG 2054 tap +195a
- 02/24 $750M #Citizens Financial 6NC5 +102
- 02/24 $500M #Entergy Texas WNG 10Y +88
- 02/24 $500M #CenterPoint Energy WNG 5Y +60
- 02/24 $Benchmark Chevron 2Y +50a, 2Y SOFR, 3Y +55a, 3Y SOFR, 5Y +70a, 7Y +75a, 10Y +85a
- 02/24 $Benchmark Georgia Power 1.5Y SOFR+60a, 6Y +85a, 10Y +105a
- 02/24 $Benchmark Pacific Gas & Electric 10Y +155a, 30Y +175a
- 02/24 $Benchmark Targa Resources +10Y +140a, 30Y +170a
- 02/24 $Benchmark American Water Capital 10Y +110a
- 02/24 $Benchmark Marriott Int 7Y +120a, 12Y +145a
- 02/24 $Benchmark LPL Holdings 5Y +125a, 10Y +150a
US-RUSSIA: Trump-Putin Discussing Major Economic Development Transactions- Trump
Feb-24 17:21
US President Donald Trump has issued a statement on Truth Social, following a virtual meeting of G7 leaders, claiming that he is in "serious discussions" with Russian President Vladimir Putin on ending the war in Ukraine.
- Trump: "I am in serious discussions with [Putin] concerning the ending of the War, and also major Economic Development transactions which will take place between the United States and Russia. Talks are proceeding very well!"
- Trump noted that he emphasized to G7 leaders, "the importance of the vital “Critical Minerals and Rare-Earths Deal” between the United States and Ukraine, which we hope will be signed very soon!"
- Trump says the “Economic Partnership,” will "ensure the American people recoup the Tens of Billions of Dollars and Military Equipment sent to Ukraine, while also helping Ukraine’s economy grow as this Brutal and Savage War comes to an end."
- Trump and Macron will now have two bilateral sessions and then appear together for a joint press conference at 14:00 ET 19:00 GMT. Following the presser, Macron will meet with US Senators at 16:00 ET 21:00 GMT.
- The comment appears another significant signal from Trump that he intends to restore economic ties with Russia. It is unclear what level of economic cooperation the Trump administration envisages, with Moscow suggesting US companies return to Russia's O&G sector.
- Experts cited by the New York Times note that even in the event of a ceasefire agreement, Russia's challenging business environment may prevent a quick return to pre-war operations.
LOOK AHEAD: Tuesday Data Calendar: Regional Fed Data, Fed Speakers, 5Y Auction
Feb-24 17:19
- US Data/Speaker Calendar (prior, estimate)
- 25-Feb 0420 Dallas Fed Logan in London, moderated Q&A
- 25-Feb 0830 Philadelphia Fed Non-Mfg Activity (-9.1, --)
- 25-Feb 0900 FHFA House Price Index MoM (0.3%, --)
- 25-Feb 0900 House Price Purchase Index QoQ (0.7%, 0.3%)
- 25-Feb 0900 S&P CoreLogic CS 20-City MoM SA (0.41%, 0.40%)
- 25-Feb 1000 Conf. Board Consumer Confidence (104.1, 102.7)
- 25-Feb 1000 Richmond Fed Mfg Index (-4, -3)
- 25-Feb 1000 Dallas Fed Services Activity (7.4, --)
- 25-Feb 1130 US Tsy $75B 6W Bill sale
- 25-Feb 1145 Fed VC Barr moderated Q&A
- 25-Feb 1300 US Tsy $70B 5Y Note sale (91282CMQ1)
- 25-Feb 1300 Richmond Fed Barkin on inflation (text, Q&A)
Related bullets
Related by topic
Energy Data
Gasoil
Marine Oil
Oil Positioning
OPEC
Freight
Jet Fuel
Gasoline
Fuel Oil
Diesel
Oil Options
US Natgas
TTF ICE
Asia LNG
Gas Positioning
Trending Top
May-09 05:50
