Bloomberg is reporting:
- EU is reportedly planning emergency measures in reaction to tariffs
- Working short-term support proposals, alongside plans to advance competitiveness and reforming key sectors
- Measures will be dependent on US announcement
Although they are "emergency" measures, they make sense for the EU. The EU is not competitive. It is good news that they are realizing this. Competition will be good too.
We were ECB's Holtzman says there may be a need for unconventional monetary policies to handle trade war, but hopefully central banks do it in a better equipped way.
Not sure what is meant by "better equipped way".
