Commerce Sec Ross with some optimism
The latest leaks show the US is looking for quotas rather than truly wanting to impose tariffs.
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Commerce Sec Ross sees a reasonable chance of tariff deal with EU
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Iranian tankers pass through the Strait of Hormuz as the US lifts its naval blockade
- Trump says Iran deal should be successful, reiterates Iran will never have nuclear weapon
- Iran outlines that nuclear talks will include enrichment, stockpile, and its nuclear needs
- German economic sentiment picks up in June as US-Iran conflict simmers down
- Oil prices extend losses and target pre-war levels amid expectations of Hormuz reopening
- Italy inflation confirmed to have nudged up in May
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