The battle is on
- Committed to positive trade agenda with the US
Auto tariffs are coming and the European Union is preparing itself for a drawn-out battle with the US, much like what we're seeing with China currently. Latest reports suggest that they would retaliate in a tit-for-tat manner should Trump sign off on implementing said levies on the European bloc.
Yet another potential headwind for the German economy and the euro in the coming months.
