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EU’s Malmstrom: Would retaliate immediately if US decides to impose tariffs

I guess we can look forward to more trade wars

  • Says hoping for the best regarding possible auto tariffs
  • Says will be meeting with US’ Lighthizer next week

ForexLive

I won’t expect much from their meeting as they’ve already met up several times since last year but to no avail. Auto tariffs are coming so let’s see how the EU chooses to retaliate when the announcement is made.

Regardless, the situation here won’t bode well for German automakers and equities in general.

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